Abraxas Capital closes short positions on BTC for profit, with two addresses achieving weekly profits of $77.9 million

According to ChainCatcher, monitored by HyperInsight, in the past 6 hours, two addresses labeled as Abraxas Capital (0x5b5, 0x83) have closed part of their BTC short positions to take profits, reducing their notional position value by approximately $17.7 million. Currently, these two addresses still hold $232 million in short positions.

According to further monitoring, the total notional value of positions held by the two Abraxas Capital addresses is about $620 million. Over the past 7 days, they have realized profits of $77.9 million, with unrealized gains of approximately $38.2 million remaining. Notably, although both addresses employ a fully short strategy, there are significant differences in their allocations: the main address is heavily invested in mainstream coins, while the sub-address diversifies across multiple altcoins to amplify potential returns. Among all 24 positions, only the ETH short position in the main address is currently at a loss.