Hyperliquid's largest short seller "Abraxas Capital" has unrealized profits exceeding $50 million across two addresses, with total positions reaching $760 million.

ChainCatcher News, according to HyperInsight monitoring, the total balance of two addresses labeled as Abraxas Capital (0x5b5, 0xb83) has risen from $165 million last Monday to $256 million. In the past 24 hours, these addresses ranked first in contract positions on Hyperliquid, with the total notional value of their positions increasing from $480 million to $760 million.

In the past 24 hours, Abraxas Capital has continued to significantly increase its short positions in BTC and ETH. The main short positions of the two addresses have changed as follows compared to last week: ETH increased from $226 million to $267 million, BTC increased from $124 million to $280 million, and HYPE increased from $97.4 million to $103 million. According to monitoring, the total unrealized profit of the two addresses has reached $50.2 million. Among a total of 22 short positions currently held, only the main address (0x5b5) still has an unrealized loss on the ETH short position, with an average holding price of $3,531 and an unrealized loss of $12.57 million (about 54%).