Abraxas Capital holds more than $472 million in perpetual futures short positions, according to monitoring by HyperliquidNews. According to ChainCatcher, the positions include $126 million in Bitcoin native asset shorts, $120 million in Ethereum native asset shorts, $73 million in SOL shorts, and $72 million in Hyperliquid native asset shorts.

The wallet posted a $21 million profit over the past 24 hours and has total equity of more than $200 million.