Abraxas Capital, one of the notable companies in the cryptocurrency investment markets, came to the fore with the high-volume short positions it opened on the Hyperliquid exchange. The company has a total position of approximately $800 million in BTC, ETH, SOL, HYPE, and SUI assets, while its current unrealized loss (uPnL) has exceeded $106.3 million. Details of the company's positions are as follows: BTC (10x leverage): $344 million position with 2,918 BTC, -$21.5 million loss (-66.8%). ETH (10x leverage): $298 million position with 79,493 ETH, -$72.6 million loss (-321.8%). HYPE (5x leverage): $82.5 million position with 1.9 million HYPE, -$6.8 million loss (-45.2%). SOL (10x leverage): $69 million position with 380,752 SOL, -$6.1 million loss (-97.0%). SUI (10x leverage): +$178k profit (+63.8%) on $2.6m position with 674,054 SUI. BTC and ETH positions, in particular, have caused significant losses in the company's portfolio. The liquidation price for the BTC position is $161,605, well above the current price. For ETH, the liquidation price is $5,342. *This is not investment advice. Continue Reading: Giant Investment Company Cornered: Heavy Losses on Bitcoin and 4 Altcoins from Shorts – Here Are Its Positions
