coin-img-ETHETH-3.96%coin-img-BTCBTC-4.67%coin-img-SOLSOL-2.55%coin-img-UCNUCN+0.86%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.27%coin-img-DOGEDOGE-2.81%coin-img-ETHETH-3.96%coin-img-BTCBTC-4.67%coin-img-SOLSOL-2.55%coin-img-UCNUCN+0.86%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.27%coin-img-DOGEDOGE-2.81%coin-img-ETHETH-3.96%coin-img-BTCBTC-4.67%coin-img-SOLSOL-2.55%coin-img-UCNUCN+0.86%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.27%coin-img-DOGEDOGE-2.81%coin-img-ETHETH-3.96%coin-img-BTCBTC-4.67%coin-img-SOLSOL-2.55%coin-img-UCNUCN+0.86%coin-img-XRPXRP-3.56%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.27%coin-img-DOGEDOGE-2.81%

Abraxas Capital Closes Major Short Positions on Hyperliquid, Reducing Holdings from $760M to $270M

Two addresses linked to Abraxas Capital (0x5b5, 0xb83) closed over 54 million XPL short positions within a 16-hour window on November 18, realizing profits exceeding $12 million with peak unrealized gains surpassing $14 million (1000%), HyperInsight data show. The entity's total position size on Hyperliquid decreased from $760 million on November 3 to $270 million as all 22 short positions were gradually closed this month, with over $30 million withdrawn to different trading platforms. Key short position changes since early November include ETH from $267 million to $138 million, BTC from $280 million to $21.69 million, and HYPE from $97.4 million to $89.3 million.
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