Abraxas Capital Accounts Hold More Than $1.29 Billion in Hyperliquid Shorts

At 11 p.m. ET Sunday, Oct. 25 (03:00 UTC Monday), two accounts tied to Abraxas Capital had short positions on Hyperliquid valued above $1.29 billion, with combined profits exceeding $353 million.

The accounts were identified by wallet addresses 0x5b5...8C060 and 0xb83...7d6e36. Their previous peak in Hyperliquid short positions, at $1.57 billion, is detailed in an earlier account of Abraxas Capital’s positions.