BlockBeats news, on December 8, according to monitoring by HyperInsight, in the past two days, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) have continuously closed ETH short positions totaling approximately $10.26 million. The current position size is about $51.57 million, with an average price of $3,522 and an unrealized profit of $6.68 million (130%). This short position has already realized a profit of $13.61 million through funding rate settlements. Furthermore, monitoring data shows that Abraxas Capital has been continuously closing ETH shorts since early November, with its position size decreasing from $267 million to $51.57 million, closing a total of $217 million in positions. Subsequently, part of the funds was used to increase HYPE spot holdings, which currently stand at approximately $53.84 million. In addition, most of its previous 22 short positions across the two addresses have been fully closed, and currently, only 3 remain among positions over $200,000, namely short positions in ETH, HYPE, and FARTCOIN. Previously, they were the largest short whale on Hyperliquid.
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