「Abraxas Capital」 Short-Term Continual Take-Profit HYPE Short Position, Further Reducing Position Size to $4.33 Million

BlockBeats News, February 3rd, according to Hyperinsight monitoring, the main address of "Abraxas Capital" (0x5b5d...) conducted two consecutive take-profit operations on its HYPE short position within one hour, reducing a total of about 76,300 HYPE shorts, with a total value of about $2.64 million, further reducing its HYPE short position.

The address first reduced 40,244.18 HYPE (about $1.2485 million) at 16:57, and then again reduced 36,024.52 HYPE (about $1.3919 million) at 17:57. After these two rounds of reductions, the total value of its HYPE short position has decreased from $5.7316 million to $4.3397 million, realizing a cumulative floating profit of about $1.2982 million.

This address is the main contract address of Abraxas Capital, which has been building large short positions since May and was once the largest contract whale on Hyperliquid. Since November, the address has been continuously taking profit, and its position size has been significantly reduced from a peak of $920 million.