Abraxas Capital is increasing the position on HYPE long order during the swing trading, sub-address is taking profit on multiple coins today and withdrawing nearly 100 million USD.

On October 23, according to monitoring by HyperInsight, two addresses marked as Abraxas Capital (0x5b5, 0xb83) synchronized to increase the position of HYPE long orders at a price of 38.6 dollars within half an hour in the past 6 hours, with the current notional value of holdings totaling approximately 7.75 million dollars. In addition, the two addresses hold HYPE short positions worth 79.77 million dollars. The main address currently has the following major short positions: ETH 192 million dollars, BTC 109 million dollars, and HYPE 51.43 million dollars. Furthermore, it was monitored that the total notional value of holdings for the two addresses of Abraxas Capital has decreased from 620 million dollars to 440 million dollars, achieving a weekly profit of 24.77 million dollars. The sub-address closed and took profit on multiple currencies today and made a large withdrawal of nearly 100 million dollars, some of which has been transferred to the CEX Hot Wallet. The current notional value of holdings for this sub-address is 38.81 million dollars, with the only position exceeding 10 million dollars being the HYPE short position.