Abraxas Capital Spot Hedge Account Adds 10x Leverage to ETH and BTC Short Positions

BlockBeats News, July 21st, according to on-chain data, Abraxas Capital has increased its spot hedge position by 10 times for ETH and BTC shorts. Currently, it holds a $345 million Bitcoin short position and a $291 million Ethereum short position.

This address has accumulated a total loss of $82.64 million on Hyperliquid.