Abraxas Capital's short position has lost more than $100 million

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On July 29, according to Arkham monitoring, Abraxas Capital's short positions have floating losses exceeding $100 million. Abraxas Capital holds the largest positions of BTC and ETH short positions on Hyperliquid. Their account currently has short positions of nearly $800 million in BTC, ETH, SOL, and HYPE.

The current unrealized loss of the account is $106.3 million, with Bitcoin's liquidation price at $156,000.

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