Data: "Abraxas Capital" continues to increase its short position in gold, with two addresses holding a total of 18.8 million USD

According to monitoring by HyperInsight, the main address of Abraxas Capital (0x5b5) has been continuously increasing its short position in xyz:GOLD (gold mapping contract) at around $4867 for spot gold. The position size has expanded to $9.18 million, with an average price of $4786 and a liquidation price of $6,785. Additionally, its sub-address (0xb83) currently holds a 5x leveraged short position in xyz:GOLD, with an average price of $4887.

Abraxas Capital once became the largest contract whale by capital size on Hyperliquid. Since November, this address has been continuously taking profits, and its position size has significantly reduced from a peak of $920 million to the current position size of approximately $60 million.