「Abraxas Capital」 continues to add to its ETH short position, with the total funding rate settlement currently resulting in a $39.26 million profit

By: theblockbeats.news|2026/01/13 13:30:21
0
Share
copy

BlockBeats News, January 13th, according to HyperInsight monitoring, an address labeled as Abraxas Capital (0x5b5) continued to add to its ETH short position at $3107. It accumulated approximately 566 ETH (about $1.75 million), expanding its position to $38.2 million, with an average price of $3248 and a liquidation price of $119,000. Additionally, it also holds a short position in HYPE of around $31.64 million, with an unrealized gain of $22.9 million. The address has accumulated a profit of $39.26 million through funding rate settlements on its short ETH position.

According to monitoring, Abraxas Capital's ETH short position started building in May, previously being the largest whale in Hyperliquid's contract fund size. Starting in November, the address consistently took profits on its ETH short position, with the position size previously around $267 million, and has now closed nearly $240 million.

You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

Popular coins

Latest Crypto News

Read more