Unrealized Loss of $101 Million: Abraxas Capital's Nearly $704 Million Perpetual Contract Position Is Almost Entirely Short

Odaily reports, according to Onchain Lens monitoring, Abraxas Capital (0x5b5...8c060) holds a perpetual contract position worth $704 million, almost entirely short, with a current unrealized loss of $101 million. Among these, the ETH short position has lost $41.23 million, the BTC short position has lost $23.36 million, the HYPE short position has lost $17.05 million, and the SOL short position has lost $15.76 million; its cumulative historical profit stands at $79.06 million.