「Abraxas Capital」 Subaddress recently increased its short position by nearly $200 million, bringing the total position size of the two addresses to $640 million.

On October 29th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and targeted at _blank), the address of the subsidiary of Abraxas Capital (0xb83) has continuously deposited approximately $29 million into Hyperliquid within the past 3 days. Since yesterday afternoon, it has been aggressively increasing its short positions in BTC, ETH, and SOL. As of the time of this writing, the total notional value of the position has increased from $67.75 million on the 27th to the current $253 million. Additionally, the main address (0x5b5) has also slightly increased its short position. As of the time of writing, the major changes in the short positions of the two addresses compared to the 27th are as follows: - ETH shorts: increased from $226 million to $273 million. - BTC shorts: increased from $124 million to $239 million. The total notional value of the positions of the two Abraxas Capital addresses has increased from $480 million on the 27th to $690 million. In addition, the subsidiary address closed most of its short positions and withdrew nearly $100 million last week, with some funds transferred to the Binance hot wallet. Both addresses of Abraxas Capital (0x5b5 and 0xb83) are fully short, with a current account balance of approximately $191 million, ranking first in the contract holding account on Hyperliquid in the past 24 hours.