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Abraxas Capital reduces position in BTC, with total unrealized losses exceeding 50 million USD while still insisting on shorting.
BlockBeats news, on September 25, according to HyperInsight monitoring, in the past 6 hours, the address marked as Abraxas Capital (0x5b5d) has continuously reduced its position in BTC short orders by nearly 100; increased its position in ETH short orders by about 280, with unrealized losses on ETH short orders exceeding 41 million USD. Additionally, monitoring shows that this address is fully shorting, with total holdings of about 846 million USD, and total unrealized losses once exceeding 50 million USD. Current major positions: BTC about 293 million USD; ETH about 285 million USD; SOL about 111 million USD. At the same time, this address has been continuously increasing its positions in ETH, HYPE, and XPL short orders today.