Abraxas Capital holds a long position of 10.5 million dollars in Bitcoin and a short position of 8.8 million dollars in HYPE on Hyperliquid

Abraxas Capital is going long on Bitcoin dominance (BTC dominance) through two wallets on the Hyperliquid platform. Wallet 1 (0x5b5d51): going long on $10.5 million of BTC with 10x leverage; simultaneously shorting HYPE, FARTCOIN, XRP, SOL, and ETH. Wallet 2 (0xb83de0): going short on $4.56 million of HYPE with 5x leverage, entry price $42.8, current floating profit $304,000; simultaneously shorting xyz:GOLD and xyz:CL.

According to statistics, the total amount shorted on HYPE by the two wallets reaches $8.8 million, with a floating profit of $388,000. Abraxas Capital has accumulated a profit of $179 million on Hyperliquid.