The former largest short seller on Hyperliquid significantly closed positions in XPL and multiple other tokens this month, with total holdings dropping from $760 million at the beginning of the month to $270 million.

BlockBeats News, November 18, according to HyperInsight monitoring, within the past 16 hours, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) have significantly closed out and taken profits on over 54 million XPL, with unrealized gains once exceeding $14 million (1000%). Currently, realized profits have surpassed $12 million, and the remaining position size is only $740,000.

Since the beginning of this month, all 22 short positions from the two Abraxas Capital addresses have been gradually closed out for profit. Compared to November 3, their total position size has dropped from $760 million to $270 million. They have withdrawn over $30 million from Hyperliquid to different trading platforms. Before closing out, these addresses were the largest position holders on Hyperliquid. The main short positions have changed as follows compared to the beginning of the month: ETH from $267 million to $138 million, BTC from $280 million to $21.69 million, and HYPE from $97.4 million to $89.3 million.