Abraxas Capital increases ETH holdings while maintaining nearly $1 billion in short positions on Hyperliquid

Data from Lookonchain indicates that Abraxas Capital has purchased an additional 13,700 ETH, valued at $34.24 million. The firm currently holds short positions on Hyperliquid totaling nearly $1 billion, which includes 178,532 ETH in short contracts valued at $437 million.