Abraxas Capital Expands Short Positions in BTC and ETH with High Leverage

According to Odaily, Abraxas Capital has increased its short positions in Bitcoin (BTC) and Ethereum (ETH) using 10x leverage, as monitored by Onchain Lens. The firm is facing an unrealized loss of $5.91 million on its BTC position and a $2.03 million loss on its ETH position. Additionally, Abraxas Capital holds a 10x leveraged short position in Solana (SOL), which currently shows a floating profit of $1.3 million.