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Abraxas Capital Faces $100M Loss on Crypto Shorts

Abraxas Capital is down over $100M on crypto shorts, with major bets on BTC, ETH, SOL, and HYPE through Hyperliquid.

  • Abraxas Capital’s crypto shorts show a $106.3M unrealized loss
  • Their largest positions are in BTC and ETH via Hyperliquid
  • BTC liquidation price sits at a staggering $156K

Massive Losses Mount for Abraxas Capital

Abraxas Capital, known for its aggressive trading strategies, is facing serious pressure in the crypto markets. Their account on Hyperliquid, a popular on-chain derivatives platform, is showing an unrealized loss of over $106 million—primarily from short positions on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

With nearly $800 million in total short exposure across BTC, ETH, Solana (SOL), and HYPE, Abraxas has taken one of the largest bearish stances seen on the platform. However, with the ongoing strength in the crypto market, those positions are turning increasingly unfavorable.

Liquidation Risks Loom

One of the most eye-catching figures is Abraxas Capital’s BTC liquidation price, which sits at $156,000. While this level seems far from the current market price, the size of their short positions means any strong upward momentum in Bitcoin could worsen their situation rapidly.

This high-risk strategy could either deliver a massive return or end in a painful squeeze—especially if market sentiment continues to favor bulls, as it has in recent weeks.

What This Means for the Market

Traders and analysts are closely watching Abraxas’ position. Large shorts with massive unrealized losses often become targets for liquidation-driven rallies, especially in a volatile market like crypto. If the market senses weakness or forced exits, it could accelerate upward moves, particularly for BTC and ETH.

For now, Abraxas Capital is sitting deep in the red. Unless a sharp correction arrives soon, their aggressive short positions could become one of the most talked-about crypto trading missteps of the year.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Isolde Verne

Isolde Verne is a passionate crypto writer, focusing on blockchain innovation, NFT ecosystems, and the societal impact of decentralized systems. Her engaging style bridges the gap between technology and everyday understanding.

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