Abraxas Capital has reduced its ETH and other currencies holdings, with two addresses already making a profit of $18.00 million today.

律动Oct 16, 2025

On October 16, according to HyperInsight monitoring, in the past half hour, the $ETH short positions of two addresses (0x5b5, 0x83) marked as Abraxas Capital have been reduced by more than 1870, and the value of the positions has been reduced by approximately $7.50M. At the same time, $XPL shorts and PUMP shorts are also continuing to reduce their positions.


According to monitoring, Abraxas Capital's two addresses have a total position of approximately $760.00M, and have realized profits of more than $245.00M in the past 7 days, and currently still have approximately $25.00M in floating profits. Its main short positions are: $BTC approximately $260.00M, $ETH approximately $290.00M, and $HYPE approximately $85.00M.


It is worth noting that although both addresses adopt a full short strategy, there are differences in specific preferences: the main address focuses on betting on mainstream currencies to express a bearish expectation for the overall market; while the sub-address amplifies potential returns through a diversified altcoin portfolio. Of the total 24 positions, only the main address's $ETH short position is still in a loss.

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Abraxas Capital has reduced its ETH and other currencies holdings, with two addresses already making a profit of $18.00 million today.

律动Oct 16, 2025

On October 16, according to HyperInsight monitoring, in the past half hour, the ETH short positions of two addresses (0x5b5, 0x83) marked as Abraxas Capital have been reduced by more than 1870, and the value of the positions has been reduced by approximately $7.50M. At the same time, XPL shorts and PUMP shorts are also continuing to reduce their positions.


According to monitoring, Abraxas Capital's two addresses have a total position of approximately $760.00M, and have realized profits of more than $245.00M in the past 7 days, and currently still have approximately $25.00M in floating profits. Its main short positions are: BTC approximately $260.00M, ETH approximately $290.00M, and HYPE approximately $85.00M.


It is worth noting that although both addresses adopt a full short strategy, there are differences in specific preferences: the main address focuses on betting on mainstream currencies to express a bearish expectation for the overall market; while the sub-address amplifies potential returns through a diversified altcoin portfolio. Of the total 24 positions, only the main address's ETH short position is still in a loss.

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