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Abraxas Capital Holds $451.85 Million in Mostly Short Hyperliquid Positions
The $451.68 million in short exposure included a $158.66 million Bitcoin short, its largest listed position.

Abraxas Capital held $451.85 million in Hyperliquid positions on Nov. 8, with nearly all of the exposure short, about 4.2 times Wintermute’s $107.59 million in perpetual-contract exposure.
Abraxas’ short positions totaled $451.68 million, while its unrealized profit was $30.77 million.
Bitcoin (BTC) was the largest listed short at $158.66 million. Other major positions were HYPE at $77.60 million, Ether (ETH) at $75.27 million and ZEC at $63.51 million.