Abraxas Capital's two addresses hold ZEC short positions, with total unrealized profit of $118 million

Odaily reports: According to monitoring by on-chain analyst Yu Jin, as ZEC's price dropped sharply today and fell below $1,000, the two addresses held by Abraxas Capital on Hyperliquid with ZEC short positions—Abraxas Capital-related address (0xb83...6e36) and Abraxas Capital-related address (0x5b5...8c060)—have unrealized profits of $34.98 million from their ZEC positions alone. The total unrealized profit on the two addresses' current open positions is $118 million.