Abraxas Capital builds $783M short positions on Hyperliquid, hedges with $173M in ETH withdrawals

Abraxas, Wintermute and Fasanara Build Massive Hyperliquid Shorts After Crypto Rally

Abraxas Capital, Wintermute and a wallet linked to Fasanara Capital have emerged with some of Hyperliquid’s largest short books after last week’s crypto rally wiped out much of the bearish leverage held by smaller traders. The three accounts hold a combined 138,569 ETH worth about $338 million and 3,425 BTC worth roughly $265 millionin short positions. Their visible ETH and BTC exposure alone totals about $603 million, while Abraxas and Wintermu…

Abraxas Capital Opens $100M ETH Short, Hedges With $173M Binance Withdrawals

BitcoinWorld Abraxas Capital Opens $100M ETH Short, Hedges with $173M Binance Withdrawals Abraxas Capital, a major crypto investment firm, has opened a significant short position on Ethereum (ETH) worth approximately $100.06 million on the Hyperliquid platform, according to blockchain analytics firm Lookonchain. The firm has been actively hedging this position by withdrawing 73,872 ETH, valued at around $173.17 million, from the Binance exchang…

Abraxas Capital builds $783M short positions on Hyperliquid, hedges with $173M in ETH withdrawals

Abraxas Capital's strategy highlights the potential for significant market influence and volatility through large-scale hedging and arbitrage tactics. The post Abraxas Capital builds $783M short positions on Hyperliquid, hedges with $173M in ETH withdrawals appeared first on Crypto Briefing.