$452 million in open positions: Abraxas Capital holds roughly 4x Wintermute's perpetual contract exposure

Odaily reports: According to Onchain Lens monitoring, Abraxas Capital holds $451.85 million in open positions on Hyperliquid, almost entirely short positions, approximately 4 times Wintermute's $107.59 million perpetual contract exposure. Its unrealized profit stands at $30.77 million, with total short exposure of $451.68 million. The largest short positions are BTC at $158.66 million, HYPE at $77.6 million, ETH at $75.27 million, and ZEC at $63.51 million.