An account belonging to Abraxas Capital has $451.85 million in open positions on Hyperliquid, almost all of them shorts.
According to Onchain Lens, the short exposure totals $451.68 million, with $30.77 million in unrealized profit. Wintermute’s perpetual futures exposure on the same platform is $107.59 million, making the former about four times the latter. The largest single position is BTC at $158.66 million, followed by HYPE at $77.6 million, ETH at $75.27 million, and ZEC at $63.51 million.
· $450 million in shorts are simultaneously weighing on BTC, ETH, HYPE, and ZEC, with exposure concentrated in these assets.
· These are on-chain observations of account positions and unrealized profits; they do not imply any conclusions beyond the direction of the positions.
Would you rather know the average entry price of these shorts, or the remaining margin?
According to Onchain Lens, the short exposure totals $451.68 million, with $30.77 million in unrealized profit. Wintermute’s perpetual futures exposure on the same platform is $107.59 million, making the former about four times the latter. The largest single position is BTC at $158.66 million, followed by HYPE at $77.6 million, ETH at $75.27 million, and ZEC at $63.51 million.
· $450 million in shorts are simultaneously weighing on BTC, ETH, HYPE, and ZEC, with exposure concentrated in these assets.
· These are on-chain observations of account positions and unrealized profits; they do not imply any conclusions beyond the direction of the positions.
Would you rather know the average entry price of these shorts, or the remaining margin?
