Abraxas Capital Holds Nearly All Short Positions in $704 Million Perpetual Contracts, Faces $101 Million Unrealized Loss

Abraxas Capital is holding nearly all short positions across about $704 million in perpetual contracts and has an unrealized loss of about $101 million. According to PANews, the firm’s ETH short positions are down about $41.23 million, BTC shorts are down about $23.36 million, HYPE shorts are down about $17.05 million, and SOL shorts are down about $15.76 million. Its cumulative historical profit and loss remains about $79.06 million in profit.