$393 million in short positions, with $63.49 million in unrealized gains.
According to monitoring by Onchain Lens, Abraxas Capital’s short positions on Hyperliquid are worth $393 million, with current unrealized gains of $63.49 million. It has made $115 million over the past 30 days and $274 million in cumulative profits. Its BTC short position, worth $147 million, is up $9.15 million.
· BTC shorts make up about one-third of its positions but account for only about one-seventh of its unrealized gains, suggesting that its other short positions have a higher percentage of unrealized gains.
· These are all on-chain estimates of paper gains. Unrealized gains fluctuate with prices and are not the same as realized profits.
When assessing large short positions like these, would you look first at the share of unrealized gains or changes in position size?
According to monitoring by Onchain Lens, Abraxas Capital’s short positions on Hyperliquid are worth $393 million, with current unrealized gains of $63.49 million. It has made $115 million over the past 30 days and $274 million in cumulative profits. Its BTC short position, worth $147 million, is up $9.15 million.
· BTC shorts make up about one-third of its positions but account for only about one-seventh of its unrealized gains, suggesting that its other short positions have a higher percentage of unrealized gains.
· These are all on-chain estimates of paper gains. Unrealized gains fluctuate with prices and are not the same as realized profits.
When assessing large short positions like these, would you look first at the share of unrealized gains or changes in position size?
