Hyperliquid's largest short seller, "Abraxas Capital," has a combined unrealized gain of over $50 million across its two addresses, with a total position size of $760 million.
BlockBeats News, November 3rd, according to HyperInsight monitoring, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) saw their total account balance rise from $165 million last Monday to $256 million. In the past 24 hours, they ranked first in contract holdings on Hyperliquid, and the total nominal value of the two addresses increased from $480 million to $760 million.
In the past 24 hours, Abraxas Capital continued to significantly increase its BTC and ETH short positions. Currently, the main short positions of the two addresses have changed as follows compared to last week: ETH increased from $226 million to $267 million, BTC increased from $124 million to $280 million, HYPE increased from $97.4 million to $103 million. According to monitoring, the total unrealized profit of the two addresses has reached $50.2 million. Out of a total of 22 short positions, only the main address (0x5b5) has an unrealized loss in the ETH short position, with an average holding price of $3531, a floating loss of $12.57 million (approximately 54%).
You may also like

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?

US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief

Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen

When a Token Becomes Labor, People Become the Interface

Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet

