Data: Abraxas Capital's 10x BTC, ETH, SOL short position has incurred a floating loss of 25 million dollars

ChainCatcher news, according to Lookonchain monitoring, Abraxas Capital is using 2 wallet addresses (0xB83D and 0x5b5d) to short BTC, ETH, and SOL on Hyperliquid with 10x leverage, possibly to hedge their spot positions.

They currently hold short positions of 2,572 BTC (approximately $288 million), 57,317 ETH (approximately $151 million), and 504,957 SOL (approximately $89.4 million), with unrealized losses exceeding $25 million.