Abraxas Capital's Short Position Faces Unrealized Loss of Over $100 Million

BlockBeats News, July 29th, according to Arkham Monitoring, Abraxas Capital's short position is currently at a loss of over 1 billion US dollars. Abraxas Capital holds the largest short position on Hyperliquid for BTC and ETH. Their account is currently shorting a total of nearly 800 million US dollars of BTC, ETH, SOL, and HYPE.

The account's current unrealized loss is 106.3 million US dollars, with a liquidation price for Bitcoin of 156,000 US dollars.