Hyperliquid's largest short seller, "Abraxas Capital," has a combined unrealized gain of over $50 million across its two addresses, with a total position size of $760 million.

On November 3rd, according to the monitoring of HyperInsight, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) witnessed their total account balance rise from $165 million last Monday to $256 million. During the past 24 hours, they ranked first in contract holdings on Hyperliquid, and the total nominal value of the two addresses increased from $480 million to $760 million. In the past 24 hours, Abraxas Capital continuously and significantly augmented its BTC and ETH short positions. Currently, the main short positions of the two addresses have undergone the following changes compared to last week: ETH increased from $226 million to $267 million, BTC increased from $124 million to $280 million, and HYPE increased from $97.4 million to $103 million. According to the monitoring, the total unrealized profit of the two addresses has reached $50.2 million. Among a total of 22 short positions, only the main address (0x5b5) has an unrealized loss in the ETH short position, with an average holding price of $3531 and a floating loss of $12.57 million (approximately 54%).