Abraxas Capital two accounts accumulated profits of $429 million on Hyperliquid
Capital Flows
SoSoValue
According to Lookonchain monitoring, Abraxas Capital has accumulated $429 million in profits from two hedging accounts on Hyperliquid, and still holds a short position of $1.05 billion.
AI Insights
Abraxas’s Hyperliquid accounts show $429M profit and a $1.05B short still open, revealing a large perp short overhang; but the accounts are hedges, so direction is unclear and a squeeze risk exists if price rises, keeping Hyperliquid/BTC perp sentiment neutral (weak).
AI generated informational use. Not financial advice.