「Abraxas Capital」 Takes Profit on ETH Short, Position Size Reduced to $18.06M

BlockBeats News, February 2nd, according to Hyperinsight monitoring, the "Abraxas Capital main address" (0x5b5d...) executed a take-profit operation on its ETH short position, reducing 1,348.11 ETH short, worth approximately 3.0076 million US dollars.

After this operation, the total value of its ETH short position dropped to 18.0584 million US dollars. The position is currently floating profit of approximately 7.2781 million US dollars, with a return rate of 403.03%. The average holding price is 3,202.42 US dollars, and the liquidation price is 5,967.56 US dollars.

This address is the main contract address of the well-known hedge fund Abraxas Capital, which has been building a large short position since May and was once the largest contract whale on Hyperliquid in terms of funds. Since November, the address has been consistently taking profit, and its position size has been significantly reduced from a peak of 920 million US dollars.