Abraxas Capital’s address holds short positions in multiple mainstream tokens worth a total of $500 million, with a floating profit of over $18 million

Odaily News Arkham data shows that the address belonging to Abraxas Capital holds short positions on multiple mainstream tokens on Hyperliquid with a total value of US$500 million. This includes 10x short positions on BTC, ETH, SOL, and SUI, with values of US$224 million, US$163 million, US$44 million, and US$560,000, respectively. According to statistics, the floating profit of these short positions has exceeded US$18 million.