Abraxas Capital has increased its Ethereum (ETH) hedging short position by $5 million, currently facing a total floating loss of approximately $115 million across ETH, BTC, and other crypto assets.
-
Abraxas Capital’s ETH short position stands at $299 million with a floating loss of $78.72 million.
-
The BTC short position totals $345 million, experiencing a floating loss of $22.3 million.
-
Additional short positions include HYPE (5x) and SOL (10x), with combined losses nearing $15.4 million.
Abraxas Capital boosts ETH short by $5M amid $115M total floating loss in crypto hedges. Stay informed with COINOTAG’s latest market insights.
What Are the Details of Abraxas Capital’s ETH Hedging Short Position?
Abraxas Capital’s Ethereum short position is currently valued at $299 million, opened at a price of $2,826.72 per ETH. Despite increasing the position by $5 million recently, the hedge is facing a significant floating loss of $78.72 million. The liquidation price for this position is notably high at $5,096.9, indicating substantial risk exposure if ETH prices surge.
How Does the BTC Short Position Affect Abraxas Capital’s Overall Hedge?
The Bitcoin (BTC) short position held by Abraxas Capital is valued at $345 million with a 10x leverage, currently showing a floating loss of $22.3 million. This sizable position adds to the overall risk profile, contributing to the aggregate floating loss of approximately $115 million across all hedging shorts.
What Are the Other Significant Hedging Positions Held by Abraxas Capital?
Besides ETH and BTC, Abraxas Capital holds leveraged short positions in altcoins such as HYPE and SOL. The HYPE short (5x leverage) is experiencing a floating loss of $6.89 million, while the SOL short (10x leverage) faces a loss of $8.51 million. These positions further compound the total floating loss, reflecting a broad bearish stance across multiple crypto assets.
| Asset | Position Size | Floating Loss |
|---|---|---|
| ETH (10x short) | $299 million | $78.72 million |
| BTC (10x short) | $345 million | $22.3 million |
| HYPE (5x short) | Not disclosed | $6.89 million |
| SOL (10x short) | Not disclosed | $8.51 million |
Why Has Abraxas Capital Maintained Large Short Positions Despite Losses?
Abraxas Capital’s strategy reflects a strong bearish outlook on major cryptocurrencies like ETH and BTC. The firm appears to be hedging against potential market downturns or volatility, accepting floating losses as part of a longer-term risk management approach. This aligns with market observations reported by HyperInsight and Arkham, authoritative sources in crypto analytics.
What Are the Risks Associated with These Leveraged Short Positions?
Leveraged shorts, especially at 10x, carry high liquidation risks if the underlying asset’s price rises sharply. Abraxas Capital’s ETH position liquidation price of $5,096.9 is nearly double the opening price, indicating potential for forced closure if ETH surges. Such volatility can amplify losses quickly, demanding careful risk monitoring.
Frequently Asked Questions
What is the size and risk of Abraxas Capital’s BTC short position?
Abraxas Capital’s BTC short position is valued at $345 million with 10x leverage, currently facing a floating loss of $22.3 million, indicating significant exposure to price fluctuations.
How does leverage impact Abraxas Capital’s crypto hedging strategy?
Leverage amplifies both potential gains and losses. Abraxas Capital’s use of 10x leverage increases risk, requiring careful monitoring to avoid liquidation during price surges.
Key Takeaways
- Abraxas Capital’s ETH short position totals $299 million with a floating loss of $78.72 million.
- BTC short position valued at $345 million is also under pressure with a $22.3 million floating loss.
- Overall floating loss across all hedges is approximately $115 million, reflecting a bearish market stance.
Conclusion
Abraxas Capital’s recent increase in its ETH short position amid substantial floating losses highlights a strategic bet on continued crypto market volatility. This approach underscores the importance of risk management in leveraged hedging. COINOTAG will continue monitoring these developments to provide timely, expert insights for investors.
-
Abraxas Capital has increased its Ethereum short position by $5 million, maintaining a significant $78.72 million floating loss on a $299 million position.
-
The firm’s BTC short position also faces a $22.3 million floating loss on $345 million, contributing to an overall $115 million loss across crypto hedges.
-
According to HyperInsight and Arkham data, these leveraged positions reflect a bearish market outlook and highlight the risks of high-leverage crypto hedging.
Abraxas Capital’s crypto hedging strategy shows increased ETH shorts amid $115M losses. Get expert analysis and market updates exclusively on COINOTAG.