Abraxas Capital's two Hyperliquid hedge accounts net over $353 million
- —Combined profit on Abraxas Capital's two Hyperliquid hedge accounts topped $353 million
- —The firm's short positions on the platform now exceed $1.29 billion
- —The figures come from on-chain monitoring by Lookonchain
Why it matters: Large hedge positions on Hyperliquid show how institutional players profit from market declines through perpetuals.
Source: PANews