Abraxas's two hedge accounts reportedly still hold approximately 1050000000 USD in short positions on Hyperliquid.

AT A GLANCE

BlockBeats, citing Lookonchain, reported that Abraxas Capital's two hedging accounts have made a cumulative profit of approximately 428560000 USD.

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🔍 On-chain Detective | Two hedging accounts under Abraxas have accumulated approximately 429000000 USD in profits on Hyperliquid

BlockBeats news, November 9, according to Lookonchain monitoring, two hedging accounts of Abraxas Capital on Hyperliquid have accumulated approximately 428560000 USD in profits, and currently still hold short positions worth approximately 1050000000 USD.

Original link https://m.theblockbeats.info/flash/376215

Key points

BlockBeats said the information came from Lookonchain monitoring.
Abraxas Capital has two hedging accounts on Hyperliquid.
The two accounts have accumulated a profit of approximately 428560000 USD.
The two accounts still currently hold short positions of approximately 1050000000 USD.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

A short position is a bet that the price of the relevant asset will fall, or a position used to offset the risk of other holdings. The original text states that these two accounts have already accumulated substantial profits while still retaining large short positions, but it does not specify the particular assets to which the short positions correspond.

Why it matters to readers

A short position size of approximately 1050000000 USD is worth noting, and subsequent changes in positions may reflect whether these accounts continue to maintain their current strategy. Since the original text refers to them as "hedging accounts," one cannot judge their overall direction based solely on short positions.

Beginners should focus on observing the position targets, changes in position size, and whether positions are closed, rather than following trades based solely on cumulative profits or the scale of short positions.

Risks and unknowns

The original text did not provide the addresses of the two accounts.
The original text does not specify the underlying asset, leverage, margin, or entry price corresponding to the short position.
The message is BlockBeats' paraphrase of Lookonchain's monitoring results, and the evidence provided does not include independent verification.
The original text did not specify the calculation method for cumulative profit, nor did it distinguish between realized and unrealized profits.

Abraxas's two hedge accounts reportedly still hold approximately 1050000000 USD in short positions on Hyperliquid.

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