The top short seller on Hyperliquid significantly closed out their positions this month, including XPL and other multi-assets, reducing their total position from $760 million at the beginning of the month to $270 million.
BlockBeats News, November 18th, according to HyperInsight monitoring, in the past nearly 16 hours, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) have significantly closed out their positions to take profit on XPL, totaling over 54 million tokens. Their unrealized gains once exceeded 14 million USD (1000%), and they have currently realized profits of over 12 million USD, with remaining holdings of only 740,000 USD.
Starting this month, the 22 short positions of Abraxas Capital's two addresses have been successively closed out to take profits. Compared to November 3rd, their total holdings have decreased from 760 million USD to 270 million USD. They have continuously withdrawn over 30 million USD from Hyperliquid to various trading platforms. Before closing their positions, they were the largest address in terms of holdings on Hyperliquid. The main changes in their major short positions compared to the beginning of the month are as follows: ETH from 267 million to 138 million USD, BTC from 280 million to 21.69 million USD, HYPE from 97.4 million to 89.3 million USD.
You may also like

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point

After a 48-hour ban, Claude reached the top of the App Store

If this is the beginning of the triple halving, what are top investors saying about what to expect?

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow

Pantera Capital Partner: The Financial Trajectory of AI Agents

In the next 5 years, Vitalik will scale Ethereum like this

Sam Altman and the End of the World Capitalism

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

Why is it said that there are structural opportunities in encrypted AI?

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?
