Abraxas Capital reduced position in BTC, with unrealized losses exceeding 50 million dollars while still insisting on shorting.

According to Mars Finance, monitoring by HyperInsight shows that in the past 6 hours, the address marked as Abraxas Capital (0x5b5d) has continuously reduced position in BTC short orders by nearly 100; increased position in ETH short orders by about 280, with unrealized losses exceeding 41 million USD. Additionally, monitoring indicates that this address is fully shorting, with total holdings of about 846 million USD, and total unrealized losses at one point exceeding 50 million USD. Current main positions: BTC about 293 million USD; ETH about 285 million USD; SOL about 111 million USD. Meanwhile, this address has been continuously increasing positions in ETH, HYPE, and XPL short orders today.

BTC-3.56%
ETH-6.41%
SOL-6.97%
HYPE-5.67%
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