Abraxas Capital’s BTC Short Positions Grow to $124M as Total Holdings Reach About $1.24B on Hyperliquid

COINOTAG News, citing HyperInsight, notes two Abraxas Capital addresses hold a combined balance near $165 million and currently lead contract-position metrics on Hyperliquid over the last 24 hours.

Within the most recent hour, the twin Abraxas accounts added BTC short exposure at $116,000, lifting their position by roughly $7 million.

Collectively, the two wallets now carry about $1.24 billion in nominal value. The main address’s shorts show ETH at $226 million, BTC at $124 million, and HYPE at $97.40 million, up from prior levels.

Monitoring shows the weekly total rose from $440 million to $480 million, with sub-addresses booking profitable exits across several coins and executing a near-$100 million withdrawal, a portion moving to the Binance hot wallet.

The sub-address currently holds about $67.75 million of nominal value.