# Abraxas Capital Holds $451.85 Million in Mostly Short Hyperliquid Positions By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/52307 Published: 2026-11-09T12:58:24.000Z Updated: 2026-11-09T12:58:24.000Z Section: Investing > 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. ## Links in this article - [Hyperliquid positions](https://www.tokenpost.com/news/investing/40762)