Abraxas Capital reduces BTC holdings, total unrealized loss exceeds $50 million but continues to hold short positions

BlockBeats News, on September 25, according to HyperInsight monitoring, in the past 6 hours, the address labeled as Abraxas Capital (0x5b5d) has continuously reduced its BTC short positions by nearly 100 BTC; it has increased its ETH short positions by about 280 ETH, with floating losses on ETH shorts exceeding $41 million. According to further monitoring, this address is fully short, with total positions of approximately $846 million and total floating losses once exceeding $50 million. The current main positions are: BTC about $293 million; ETH about $285 million; SOL about $111 million. Meanwhile, this address has continued to add to its ETH, HYPE, and XPL short positions today.