Abraxas Capital reduces ETH short positions, holdings drop to $18.06 million
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On February 2 (UTC+8), according to Hyperinsight monitoring, the main address of Abraxas Capital (0x5b5d…) reduced its short position by 1,348.11 ETH, worth approximately $3.0076 million. After this operation, the total value of the ETH short position at this address dropped to $18.0584 million, with a current floating profit of about $7.2781 million, a return rate of 403.03%, an average holding price of $3,202.42, and a liquidation price of $5,967.56. Since May, this address has established large short positions and was once the largest contract whale by capital size on Hyperliquid. Since November, it has continued to take profits, and the position size has been significantly reduced from its peak of $920 million.
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