Abraxas's two hedge addresses have accumulated profits of approximately $429 million on Hyperliquid.

BlockBeats news, November 9th, according to TradingBeats monitoring, London asset management firm Abraxas Capital has two hedge addresses on Hyperliquid (0xb83d…6e36, 0xcbb6…4165), with a combined cumulative profit of approximately $428.56 million, and currently still holds approximately $1.05 billion in short positions. One address currently has a total net asset value of approximately $203 million, with a historical cumulative profit of approximately $183.63 million and unrealized profit of approximately $39.28 million; the other address currently has a total net asset value of approximately $203 million, with a historical cumulative profit of approximately $183.63 million and unrealized profit of $38.33 million. Its positions are mainly short:

Short approximately 2,090 BTC, approximately $157 million, 5x leverage, floating profit of approximately $5.91 million to $6.18 million;

Short approximately 28,000 ETH, approximately $59.9 million, 5x leverage, floating profit of approximately $6.57 million to $6.71 million;

Short approximately 1.03 million HYPE, approximately $76.7 million, 5x leverage, floating profit of approximately $620,000 to $710,000;

Short approximately 49,700 ZEC, approximately $61.35 million, 3x leverage, floating profit of approximately $5.05 million to $5.3 million.

Additionally, short positions in SOL, XRP, ENA, DOGE, WLD, GOLD, etc. mostly have floating profits, while the SILVER short position currently has a floating loss of approximately $1.26 million.