ETH Short Positions Lead Abraxas Capital’s $690M Hyperliquid Exposure as BTC and SOL Shorts Rise
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
According to HyperInsight, Abraxas Capital‘s affiliate address 0xb83 has routed roughly $29 million into Hyperliquid over the last three days, expanding short exposure on BTC, ETH, and SOL since yesterday afternoon.
The aggregate nominal value of the combined position advanced from $67.75 million on the 27th to about $253 million presently, while the primary address 0x5b5 also nudged its short exposure higher.
ETH shorts rose from $226 million to $273 million, and BTC shorts climbed from $124 million to $239 million; the two Abraxas Capital addresses now hold about $690 million in short exposure, up from $480 million on the 27th.
The subsidiary address closed most short exposure and withdrew nearly $100 million last week, with some funds diverted to the Binance hot wallet. Both addresses—0x5b5 and 0xb83—remain fully short, with about $191 million in balance, ranking first in Hyperliquid‘s contract holdings over the past 24 hours.