Hyperliquid's largest short seller, "Abraxas Capital," has a combined unrealized gain of over $50 million across its two addresses, with a total position size of $760 million.
BlockBeats News, November 3rd, according to HyperInsight monitoring, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) saw their total account balance rise from $165 million last Monday to $256 million. In the past 24 hours, they ranked first in contract holdings on Hyperliquid, and the total nominal value of the two addresses increased from $480 million to $760 million.
In the past 24 hours, Abraxas Capital continued to significantly increase its BTC and ETH short positions. Currently, the main short positions of the two addresses have changed as follows compared to last week: ETH increased from $226 million to $267 million, BTC increased from $124 million to $280 million, HYPE increased from $97.4 million to $103 million. According to monitoring, the total unrealized profit of the two addresses has reached $50.2 million. Out of a total of 22 short positions, only the main address (0x5b5) has an unrealized loss in the ETH short position, with an average holding price of $3531, a floating loss of $12.57 million (approximately 54%).
You may also like

Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic

What competitive advantages are still defensible in the AI era?

For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player

Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency

Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?

a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge

Why did the star Web3 project Across Protocol choose to abandon DAO?

In fact, ETH scaling is a major benefit for L2

Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

The Cryptographic Past of the Middle East

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

On the eve of the explosion of on-chain options

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.