Abraxas Capital's two major hedge accounts have cumulatively exceeded $520 million in profits.

BlockBeats news, November 14, according to TradingBeats monitoring, Abraxas Capital's two major hedge accounts on Hyperliquid have currently accumulated profits exceeding $512 million, with total short positions reduced to $572 million.

Data shows:
Main address cumulative profit: $301.25 million, unrealized profit $69.38 million;
Hedge address cumulative profit: $219.43 million, unrealized profit $61.16 million;
The two major accounts' total unrealized profit is approximately $131 million;
Current total leverage is 3.91x and 3.60x respectively.

As a London asset management institution, Abraxas Capital previously held short positions exceeding $1.45 billion. Now the short scale has contracted to $572 million, a decrease of about 60.6% from before. From a short position layout of over $1.4 billion to cumulative profits of over $500 million, this hedge trade lasting several months has become one of the most watched institutional-level trading cases on Hyperliquid.