Abraxas Capital lost more than $107 million shorting mainstream currency hedging strategy
2025-07-14 07:53:11
According to the on-chain analysis platform Lookonchain, Abraxas Capital's two wallets on the Hyperliquid trading platform have hedged their spot positions by shorting cryptocurrencies such as Bitcoin, Ethereum, and Solana, and have accumulated losses of more than $107 million.
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