Abraxas Capital Increases HYPE Long Position Within Trading Range, Sub-address Takes Profit in Multiple Assets Today and Withdraws Close to $100 Million

BlockBeats News, October 23rd, according to HyperInsight monitoring, in the past 6 hours, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) simultaneously added to their HYPE long positions at a price of $38.6 within half an hour, with the current total nominal value of the positions amounting to approximately $7.75 million. In addition, the two addresses still hold a HYPE short position totaling $79.77 million. The main address currently holds short positions in ETH ($192 million), BTC ($109 million), and HYPE ($51.43 million).

According to monitoring, the total nominal value of the positions held by Abraxas Capital's two addresses has decreased from $620 million to $440 million, with a weekly realized profit of $24.77 million. Its subsidiary addresses closed multi-currency profit-taking positions today and made a large withdrawal of nearly $100 million, some of which has been transferred to Binance's hot wallet. The nominal value of the subsidiary address currently stands at $38.81 million, with the only position exceeding tens of millions of dollars being a HYPE short position.