「Abraxas Capital」 Takes Profit on HYPE Short, Position Size Reduced to $6.79 Million
BlockBeats News, February 3rd, according to monitoring, the "Abraxas Capital main address" (0x5b5d...) executed a take-profit operation on its HYPE short position, reducing 62,511.35 HYPE, equivalent to about $2.14 million
After this operation, the total value of its HYPE short position dropped to $6.79 million. The position is currently floating a profit of about $1.64 million, with an average holding price of $42.
This address is the main contract address of the well-known hedge fund Abraxas Capital, which has been building up a large short position since May and has once been the largest contract whale on Hyperliquid in terms of funds. Since November, the address has been consistently taking profit, reducing its position size significantly from a peak of $920 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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