Abraxas Capital Engages 10x Shorts on Major Cryptos – Coincu

Abraxas Capital, a noted trading firm, has executed 10x leveraged short positions on Bitcoin, Ethereum, and Solana through Hyperliquid, yielding substantial floating profits exceeding $112 million as of June 23rd, 2025.

Abraxas Capital’s strategic maneuver aims to hedge their spot positions amid market volatility, reflecting increased risk management in the crypto sector.

$112M Profits as Abraxas Capital Leverages Crypto Shorts

Abraxas Capital leveraged shorts with 10x positions on BTC, ETH, and SOL using Hyperliquid wallets 0xB83D and 0x5b5d. Hyperliquid’s advanced trading infrastructure facilitates Abraxas’s extensive operations. Their market strategy employs significant risk mitigation by hedging spot positions with derivatives. No official commentary has emerged from the firm’s management.

Abraxas’s actions have notably shifted market dynamics, affecting liquidity and price discovery. This strategy significantly hedges against volatility, protecting their portfolio during price fluctuations. The move signals a continued reliance on market-neutral strategies amid uncertain market conditions.

The lack of direct communication from key figures at Abraxas or Hyperliquid has prompted market observers to closely monitor the ramifications. Concerns around liquidity impacts are heightening due to the scale of leveraged hedges engaged by Abraxas.

Historical Trends and Regulation in Crypto Strategies

Did you know? Market-neutral strategies, like those recently deployed by Abraxas Capital, were historically utilized in previous volatility waves to stabilize asset exposure, highlighting evolving risk management trends in crypto trading.

According to CoinMarketCap, Bitcoin (BTC) is presently trading at $99,007.04 with a market cap of $1.97 trillion. BTC exhibits a 4.43% decline over the last 24 hours, though it has achieved a 12.12% gain in the past 90 days, as of June 22, 2025.

Coincu’s research suggests that the increasing preference for leveraged hedging strategies may lead to a more regulated derivatives market to ensure stability. The enhanced use of such hedges could potentially prompt new risk assessment frameworks in crypto finance.

“The lack of communication from Abraxas Capital’s team leaves market watchers closely monitoring the implications of such large-scale operations.”