Abraxas Capital's spot hedging account increased its ETH and BTC short positions by 10 times

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On July 21, according to on-chain information, Abraxas Capital increased its spot hedging by 10 times for ETH and BTC short positions, currently holding a $345 million Bitcoin short position and a $291 million Ethereum short position.

The address has accumulated a loss of $82.64 million on Hyperliquid.

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