Abraxas Capital holds a $10.5 million long position in Bitcoin on Hyperliquid, and an $8.8 million HYPE short position

BlockBeats News, May 1st, according to Nansen monitoring, Abraxas Capital is longing Bitcoin dominance on the Hyperliquid platform through two wallets.

Wallet 1 (0x5b5d51): Longing $10.5 million worth of BTC with 10x leverage; simultaneously shorting HYPE, FARTCOIN, XRP, SOL, and ETH.

Wallet 2 (0xb83de0): Shorting $4.56 million worth of HYPE with 5x leverage, entry price $42.80, current unrealized gain $304,000; simultaneously shorting xyz:GOLD and xyz:CL.

According to statistics, the two wallets have a total short position of $8.8 million on HYPE, with an unrealized gain of $388,000. Abraxas Capital has cumulatively earned $179 million in profit on Hyperliquid.