Abraxas Capital's Short Position Accumulated Unrealized Loss Exceeds $190 Million, Funding Rate Revenue Exceeds $28 Million

BlockBeats News, August 10th. According to lookonchain monitoring, two accounts of Abraxas Capital are shorting ETH, BTC, SOL, HYPE, and SUI, with a total unrealized loss of over $190 million. They hold a short position of 113,819 ETH (worth $483 million), with losses exceeding $144 million.

However, it is worth noting that previous analysis suggested that the short positions opened by Abraxas Capital are actually spot hedge accounts. This series of short positions has previously generated a substantial unrealized profit during market downturns. Additionally, the short position funding rate revenue exceeds $28 million.