Onchain Lens said Abraxas Capital, using address 0x5b5...8c060, is holding perpetual futures positions worth $704 million, with nearly all of the exposure on the short side. The positions are currently showing an unrealized loss of $101 million.
By asset, the ETH short is down $41.23 million, the BTC short is down $23.36 million, the HYPE short is down $17.05 million, and the SOL short is down $15.76 million. Onchain Lens also reported that the address has generated $79.06 million in cumulative historical profit.
The figures were cited by Odaily in a newsflash based on Onchain Lens monitoring.
Abraxas Capital, using address 0x5b5...8c060, is holding perpetual futures positions worth $704 million, according to monitoring data from Onchain Lens cited by Odaily. Nearly all of the exposure is on the short side, and the positions are currently showing an unrealized loss of $101 million.
Broken down by asset, the ETH short is down $41.23 million, the BTC short is down $23.36 million, the HYPE short is down $17.05 million, and the SOL short is down $15.76 million. Onchain Lens also said the address has posted $79.06 million in cumulative historical profit.
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