Update on Abraxas Capital’s SHORT hedging positions
Since September, the fund’s SHORT positions have increased from 1.18B to 1.48B, while its recorded losses have narrowed from -$190M to -$27M. Meanwhile, funding fees have generated a profit of +$33.13M, offsetting its current SHORT hedging positions.
Following news about CPI and PPI, the conflict in the Middle East, and renewed tensions between Ukraine and Russia, the fund’s profit margin has nearly returned to its ATH.
Here are some of its notable positions:
$ETH SHORT $477.27M loss -$17.44M
$BTC SHORT $423.34M loss -$28.03M
$HYPE SHORT $108.93M loss -$14.97M
What do you think of Abraxas Capital’s move?
Since September, the fund’s SHORT positions have increased from 1.18B to 1.48B, while its recorded losses have narrowed from -$190M to -$27M. Meanwhile, funding fees have generated a profit of +$33.13M, offsetting its current SHORT hedging positions.
Following news about CPI and PPI, the conflict in the Middle East, and renewed tensions between Ukraine and Russia, the fund’s profit margin has nearly returned to its ATH.
Here are some of its notable positions:
$ETH SHORT $477.27M loss -$17.44M
$BTC SHORT $423.34M loss -$28.03M
$HYPE SHORT $108.93M loss -$14.97M
What do you think of Abraxas Capital’s move?