Abraxas Capital's Short Positions Have Incurred Unrealized Losses Exceeding $100 Million

According to a report by Jinse Finance, Arkham monitoring shows that Abraxas Capital's short positions have incurred over $100 million in unrealized losses. Abraxas Capital holds the largest BTC and ETH short positions on Hyperliquid. Their account is currently shorting nearly $800 million worth of BTC, ETH, SOL, and HYPE. The account's current unrealized loss stands at $106.3 million, with the BTC liquidation price at $156,000.