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Abraxas Capit
2026-09-04 20:44:19

Abraxas Capital Buys $39M in ETH, Holds $291M Short on Hyperliquid

Abraxas Capital, a London-based digital asset firm with over $4 billion in assets under management, has made a notable move in the Ethereum market. The firm recently purchased 16,554 ETH, worth about $39 million, and simultaneously holds a short position of 120,178 ETH on Hyperliquid, valued at $291 million. This dual strategy allows the firm to earn funding rate fees from the perpetual swap market. On August 29, the funding rate returns generated $21 million in a single day. On-chain data indicates that the firm's short exposure once reached $783 million, covering not only ETH but also Bitcoin and SOL. The information was reported by CryptoBriefing, as cited by Techub News.

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Abraxas Capital Buys $39M in ETH, Holds $291M Short on Hyperliquid
CXMT
2026-09-01 03:29:32

CXMT Falls 5% in Four Hours as Largest Short Still Sits on Nearly $10 Million Combined Loss

CXMT fell from about $8.813 to $8.369 as of publication, a decline of roughly 5.03% over the past four hours, according to TradingBeats, formerly Hyperinsight. The move narrowed the mark-to-market loss of the token’s largest short position from around $6.69 million to $5.4036 million, a reduction of about $1.29 million. Even so, the trader has still paid about $4.5895 million in funding since opening the position, leaving the combined total of price loss and funding cost at roughly $9.9931 million. The position currently stands at 2.9006 million CXMT, with an average entry price of $6.505 and a position value of about $24.2723 million. TradingBeats data also showed a change in funding conditions. After remaining negative for an extended period, with cumulative hourly funding over the past 30 days at about -12.31%, the latest settled funding rate has turned positive for seven straight hours starting at 5:00 today. The 11:00 settlement reading came in at +0.000625%. Over the same four-hour window, CXMT contract open interest rose from 6.9256 million tokens to 6.9467 million tokens, up 0.30%. Dollar-denominated open interest, however, fell from $61.0335 million to $58.1164 million, down 4.78%, mainly because of the price decline.

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CXMT Falls 5% in Four Hours as Largest Short Still Sits on Nearly $10 Million Combined Loss
HYPE
2026-08-28 13:59:48

Whale Loracle Trims HYPE Short Position With $18M Unrealized Loss

According to on-chain data, a crypto whale known as Loracle has begun reducing its 3x leveraged short position on HYPE as the token's price moves higher. The position is currently in a floating loss, with unrealized losses of approximately $18 million and a return on investment of -107.85%. After trimming, the position now stands at 594,957.48 HYPE, worth about $50.14 million. The data was reported by Odaily Planet Daily. Leveraged short positions can incur amplified losses when the underlying asset rises, and a negative ROI of this magnitude typically means the losses exceed the initial collateral. Loracle has opted to unwind part of the short rather than hold the full position. Whether the whale will continue to cut or exit completely is not stated in the monitoring data. The remaining exposure is still sizable, leaving room for further losses if HYPE keeps gaining. This development is part of ongoing whale movement tracking and highlights the risks of high-leverage bearish bets. The exact entry point and the original position size before the reduction have not been disclosed. Beyond this trade, Loracle's other holdings are unknown. The information is based on blockchain monitoring and may not capture off-chain positions.

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Whale Loracle Trims HYPE Short Position With $18M Unrealized Loss
bitcoin
2026-08-28 12:45:20

0x66f8 Address Stops Loss on 100 BTC, Loses $1.33M

Techub News reports, citing on-chain monitor @ai_9684xtpa, that an address beginning with 0x66f8 stopped out a position of 100 bitcoin earlier this morning. The trade produced a realized loss of roughly $1.335 million. The address initially entered the short trade on Aug. 19 at $67,338.1 per bitcoin. After closing the 100-bitcoin portion, the address still holds a 40x leveraged short position of 198 bitcoin, and that remaining position is now showing an unrealized loss of $2.514 million. The same address has accumulated total losses of about $5.91 million over the past 30 days. It has been flagged in on-chain data as a high-leverage short-position holder. According to the monitoring data, this type of high-leverage operation faces elevated liquidation risk when the market is volatile. The data also confirms that the remaining 198-bitcoin short is still active as of the latest update, so the address continues to carry leverage exposure that has not been fully unwound.

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0x66f8 Address Stops Loss on 100 BTC, Loses $1.33M