Abraxas Capital Faces Significant Losses Amid Bullish Market Conditions

According to PANews, Abraxas Capital is experiencing substantial floating losses totaling $244. 78 million due to its short positions in BTC, ETH, SOL, HYPE, and SUI across two wallets amid a bullish market environment. The losses related to ETH alone exceed $188. 7 million. source: https://www.binance.com/en/square/post/28249609512106?utm_source=BinanceNewsRSS