「Abraxas Capital」 recently closed its ETH short position again, with total closures exceeding $200 million since November.

BlockBeats News, December 8th, according to HyperInsight monitoring, in the past two days, two addresses identified as Abraxas Capital (0x5b5, 0xb83) have been continuously closing ETH short positions worth about $10.26 million. The current position size is about $51.57 million, with an average price of $3522, a floating profit of $6.68 million (130%), and this short position has realized a profit of $13.61 million through funding rate settlements.

According to monitoring, Abraxas Capital's ETH short position has been continuously closing since early November, with the position size decreasing from $267 million to $51.57 million, accumulating $217 million in closures. Subsequently, part of the funds was used to increase the HYPE spot holdings, with the current HYPE spot position totaling about $53.84 million. In addition, the two addresses have mostly closed the 22 previous short positions and currently hold only 3 positions with over $200,000, namely ETH, HYPE, and FARTCOIN shorts. Previously, they were the largest short whale in Hyperliquid.