HYPE Bearish Tilt at Abraxas Capital as Two Addresses Open $7.75M HYPE Long While Main Wallet Holds $51.43M HYPE Short

According to HyperInsight monitoring reported by COINOTAG News, two addresses labeled Abraxas Capital opened HYPE long positions near $38.60 within a 30-minute window. The combined nominal value of these new longs is about $7.75 million. The same accounts continue to carry a HYPE short exposure totaling roughly $79.77 million. The primary address also holds short bets in ETH ($192 million), BTC ($109 million), and HYPE ($51.43 million).

Net exposure for Abraxas Capital’s two addresses retreated from about $620 million to $440 million, with a weekly realized profit of around $24.77 million. Subsidiary addresses closed multi‑currency profit-taking trades today and executed a sizable withdrawal near $100 million, part of which moved to Binance’s hot wallet. The subsidiary’s nominal value now sits at about $38.81 million, with the only position exceeding tens of millions being a HYPE short.