Abraxas Capital shorted BTC, ETH, and Solana, with cumulative losses exceeding $100 million

PA一线
PA一线

PANews reported on July 14 that according to Lookonchain monitoring, Abraxas Capital’s two wallets on the Hyperliquid platform have accumulated losses of more than $107 million due to shorting crypto assets such as Bitcoin, Ethereum, and Solana. It is reported that these shorting operations are intended to hedge its spot positions.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Telegram Discussion Group
Telegram News Channel
@PANewsCN
Recommended Reading
PA一线

PA一线

A whale (a large investor) leveraged 5x to go long on SPCX while simultaneously holding a short position in Bitcoin, resulting in a floating profit of over $1.18 million.
PA一线

PA一线

Galaxy Digital: Bitcoin's cyclical lows may be higher than previous ones, with a potential bottom of $62,000 to $53,600.
PA一线

PA一线

Standard Chartered Bank analyst: The crypto market has hit the bottom of the cycle, and Bitcoin is expected to return to $100,000 by the end of the year.
PA一线

PA一线

The US invests $2 billion in quantum computing, and the quantum threat is rapidly approaching Bitcoin's encryption system.
PA一线

PA一线

Pump transferred another 67,000 SOL to Kraken, bringing its total cash-out since the beginning of 2024 to nearly $800 million.
PA一线

PA一线

Exodus partners with Ondo Finance to launch the Solana on-chain brokerage platform.

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
PANews App
24/7 blockchain news tracking and in-depth analysis.
Download PANews App
App StoreGoogle Play
PANews APP
Zcash founder: The joint security audit by Anthropic and Mythos has been completed, and no serious vulnerabilities were found.
PANews Newsflash