- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
「Abraxas Capital」 has closed approximately $240 million worth of ETH short positions, marking a 90% decrease in the size of this short position compared to the previous period.
BlockBeats News, December 17th, according to HyperInsight monitoring, it was reported that an address recently identified as Abraxas Capital (0x5b5) has been continuously closing ETH short positions. In the past 20 hours, this address has been continuously closing approximately $9.7 million worth of ETH shorts at $2,932. The position size has decreased from $51.57 million last week to $26.54 million, with an average entry price of $3,471, an unrealized profit of $4.69 million (176%), and this short position has realized a profit of $13.74 million through funding rate settlements.
According to the monitoring, Abraxas Capital's ETH short positions were opened in May and the address was previously the largest whale in Hyperliquid's contract funding pool. Starting from November, the address has been consistently taking profits on its ETH short positions. The position size was approximately $267 million, and it has currently closed about $240 million, part of which has been used to increase its spot HYPE holdings. The current HYPE spot holdings amount to around $47.5 million.
You may also like
Hyperliquid Introduces Direct ETH Deposits and Withdrawals for Enhanced Spot Trading
Key Takeaways Hyperliquid has officially rolled out direct Ethereum deposits and withdrawals, streamlining its spot trading capabilities. The…
Hyperliquid Revolutionizes DeFi with Advanced Blockchain Solutions
Key Takeaways Hyperliquid is transforming decentralized finance (DeFi) with high-performance solutions and an emphasis on perpetual futures trading.…
Market Correction Impacts Meme Coins: WhiteWhale Declines by 75%
Key Takeaways WhiteWhale has experienced a significant drop, losing 32.3% of its value in the past 24 hours,…
Backers Seek Refunds as Trove Abandons Hyperliquid Integration for Solana
Key Takeaways: Trove pivots to Solana after raising over $11.5 million for Hyperliquid integration, leading to refund demands.…
The opening price is expected to drop by 75%, perhaps the first project to be rug pulled this year.
Key Market Intelligence on January 19th, how much did you miss out on?
Discontent Among Trove Backers as Project Shifts from Hyperliquid to Solana
Key Takeaways Trove Markets, originally building on Hyperliquid, is facing backlash for its unexpected shift to Solana, leading…
2025 Exchange Rankings: CEX Spot Trading Volume Sees Slight Increase, Binance Maintains Absolute Leadership
Delphi Digital's Top 10 Predictions for 2026: Perp DEX Eats Wall Street, AI Agents Usher in Era of Autonomous Trading
Layoffs of 30%, But Spending $250 Million to Buy a Company - What Is Polygon Thinking?
Which Protocols Drained the Crypto Market in 2025?
Binance Alpha to Launch Empire of Sight (Sight) on January 14
Key Takeaways Binance Alpha will kick off the trading of Empire of Sight (Sight) at 16:00 (UTC+8) on…
Today’s Trump Tariff Decision and Economic Data Releases
Key Takeaways The U.S. Supreme Court is set to rule on a significant Trump tariff case that could…
Binance Wallet Partners with Aster, Launches Seamless On-chain Perpetual Contract Trading
Key Takeaways: Binance Wallet has integrated with Aster to offer a streamlined and stable perpetual contract trading feature…
ASTER’s Largest Long Position on Hyperliquid Faces Significant Challenges
Key Takeaways A significant long position on ASTER is experiencing notable floating losses, revealing the volatility of crypto…
Flashbot Whale “pension-usdt.eth” Liquidates ETH Long, Profits $4.728 Million
Key Takeaways A Binance whale known as “pension-usdt.eth” successfully closed a 20,000 ETH long position, netting a profit…
Aster Experiences Over 5% Surge Amid Binance’s New Feature Announcement
Key Takeaways Aster saw a rapid increase of over 5% in its price, largely due to Binance launching…
The “20 Million Bandit” and “Shanzhai Air Force Leader” Bearish on LTC with Massive Short Positions
Key Takeaways Notable crypto entities, the “20 Million Bandit” and “Shanzhai Air Force Leader”, have significantly increased their…
Hyperliquid Introduces Direct ETH Deposits and Withdrawals for Enhanced Spot Trading
Key Takeaways Hyperliquid has officially rolled out direct Ethereum deposits and withdrawals, streamlining its spot trading capabilities. The…
Hyperliquid Revolutionizes DeFi with Advanced Blockchain Solutions
Key Takeaways Hyperliquid is transforming decentralized finance (DeFi) with high-performance solutions and an emphasis on perpetual futures trading.…
Market Correction Impacts Meme Coins: WhiteWhale Declines by 75%
Key Takeaways WhiteWhale has experienced a significant drop, losing 32.3% of its value in the past 24 hours,…
Backers Seek Refunds as Trove Abandons Hyperliquid Integration for Solana
Key Takeaways: Trove pivots to Solana after raising over $11.5 million for Hyperliquid integration, leading to refund demands.…
App