Abraxas Capital Leverages Short Positions on BTC, ETH, SOL – Coincu

Abraxas Capital has taken short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using 10x leverage on the Hyperliquid decentralized exchange, accumulating over $112 million in unrealized profits. The firm’s action aligns with institutional risk management strategies, aiming to hedge against potential market volatility.

Abraxas Capital has initiated short positions on BTC, ETH, and SOL using 10x leverage via Hyperliquid. The move was first reported by Lookonchain monitoring. The current coverage is limited to third-party on-chain tracking and market reporting regarding Abraxas Capital’s short positions. Amassing over $112 million, these positions reflect a proactive risk management strategy amid fluctuating crypto markets.

Institutional Influence and Historical Leveraged Trading Trends

Anticipated market volatility is prompting Abraxas to hedge its holdings with major trades on Hyperliquid. This use of significant leverage suggests a calculated approach to manage risk, particularly amid current market conditions. Protecting against downside where prices may fluctuate is a core concern, motivating these leveraged positions.

No public reactions from regulators like the SEC or notable industry figures, such as Arthur Hayes, have emerged. The market’s response has been muted on formal channels so far, and no protocol changes have been announced by Hyperliquid.

OnchainLens analyzes recent blockchain data trends resemble this Abraxas activity, echoing past high-profile trading moves by entities like FTX. The Coincu research team notes these practices typically generate substantial liquidity impacts, particularly when significant positions adjust. Anticipating regulatory discussions around leveraged trading remains a key focus for analysts observing this market activity.

Market Data and Trends

Did you know? The $112 million in unrealized gains by Abraxas Capital stems from a similar approach employed by institutional traders like Alameda Research during market fluctuations in previous years, highlighting repeated robust strategies in crypto.

Bitcoin (BTC) is currently priced at $101,901.36 with a market cap of 2,026,050.2 billion USD and dominance at 64.92%, reported CoinMarketCap. The 24-hour trading volume stands at 63,334.0 billion USD, a 37.90% change. BTC has seen a 17.92% rise over the past 90 days despite a 0.43% dip in the last 24 hours.

Abraxas Capital is shorting BTC, ETH, and SOL on Hyperliquid, with a cumulative floating profit exceeding 112 million USD.