According to ChainCatcher, Abraxas Capital is running a $10.5 million long position on Bitcoin (BTC) at 10x leverage across two wallets on Hyperliquid. The fund simultaneously holds an $8.8 million short position on HYPE token at 5x leverage with an unrealized gain of $388,000. Abraxas Capital has accumulated $179 million in total profits on the platform.
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