Abraxas Capital recently closed its ETH short position again, with a total closing amount exceeding 200 million dollars since November

Recently, according to monitoring by HyperInsight, in the past two days, two addresses marked as Abraxas Capital (0x5b5, 0xb83) have continuously closed ETH short positions worth approximately $10.26 million. The current position size is about $51.57 million, with an average price of $3,522, resulting in an unrealized profit of $6.68 million (130%). This short position has already realized a profit of $13.61 million through funding rate settlements.

Additionally, monitoring shows that Abraxas Capital's ETH short positions have been continuously closed since early November, with the position size decreasing from $267 million to $51.57 million, totaling $217 million in closed positions. Subsequently, part of the funds was used to increase holdings in HYPE spot, with the current HYPE spot position at approximately $53.84 million. Furthermore, the two addresses previously had 22 short positions, most of which have been completely closed. Currently, there are only 3 remaining positions over $200,000, which are ETH, HYPE, and FARTCOIN shorts, previously making them the largest short whale on Hyperliquid.