Abraxas Capital holds $10.5 million in long Bitcoin positions and $8.8 million in short HYPE positions on Hyperliquid.
ChainCatcher news: Abraxas Capital is going long on Bitcoin dominance (BTC dominance) on the Hyperliquid platform through two wallets. Wallet 1 (0x5b5d51): going long $10.5 million BTC with 10x leverage; at the same time shorting HYPE, FARTCOIN, XRP, SOL, and ETH. Wallet 2 (0xb83de0): shorting $4.56 million HYPE with 5x leverage, entry price $42.8, with a current unrealized profit of $304,000; also shorting xyz:GOLD and xyz:CL.
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