Markets· ★★★· bearish·

Abraxas Capital's two hedge accounts amass over $331M profit, hold $1.45B in shorts

  • —Combined profit on the two accounts topped $331 million
  • —Total short positions exceed $1.45 billion
  • —Data comes from on-chain analytics firm Lookonchain
Why it matters: Large short positions on Hyperliquid signal bearish institutional positioning and could add selling pressure to the market.
Source: PANews
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