Arkham

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Arkham· 2025-09-02 20:50
THIS MEGAFUND’S ACCOUNTS ARE DOWN OVER $100 MILLION SHORTING CRYPTOTwo Abraxas Capital accounts are shorting over $919.9M of crypto including BTC, ETH, HYPE and WLFI on Hyperliquid. They are currently at a loss of over $106.6M.Their BTC liquidation prices are $151.53K and $149.91K respectively.Accounts:0x5b5d51203a0f9079f8aeb098a6523a13F298C0600xB83DE012dbA672c76A7dbbbf3E459CB59D7D6E36 ...
X @Arkham
Arkham· 2025-09-02 20:50
N.B.Abraxas Capital also holds in their entity over $2.49B of BTC and $486M of ETH making these positions delta-positive [i.e. net long, not short].They may be farming funding rates on Hyperliquid. It is also possible that they have additional positions on Binance or CEXs which cannot be seen on-chain. ...