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

By: theblockbeats.news|2025/07/21 04:01:43

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.

A certain contract trade with a total profit of over $73 million executed a smart money high leverage long position on ETH, BTC, HYPE, and PEPE.Opinion: The current market rebound is mainly driven by institutions, and the altcoin market still faces uncertainty

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