Abraxas Capital has reduced position on ETH and multiple coins, with two addresses today achieving a profit of 18 million USD.

According to Mars Finance news, monitoring by HyperInsight shows that in the past half hour, two addresses marked as Abraxas Capital (0x5b5, 0x83) have reduced their ETH short positions by over 1,870 coins, with the position value corresponding to a reduction of about 7.5 million USD. Meanwhile, XPL short positions and PUMP shorts are also continuously reducing their positions. Additionally, monitoring shows that the two addresses of Abraxas Capital have total holdings of approximately 760 million USD, having realized profits of over 245 million USD in the past 7 days, currently still holding about 25 million USD in unrealized gains. Their main short position composition includes: BTC about 260 million USD, ETH about 290 million USD, and HYPE about 85 million USD. It is worth noting that although both addresses adopt a fully short strategy, there are differences in specific preferences: the main address heavily bets on mainstream tokens to express a bearish outlook on the overall market; while the sub-address amplifies potential returns through a diversified altcoin portfolio. Among a total of 24 holdings, currently only the ETH short position of the main address remains in a loss state.