Abraxas Capital shorted spot to hedge, with current floating losses exceeding $107 million

By: odaily.com|2025/07/14 07:56:26

Odaily News According to Lookonchain monitoring, two Abraxas Capital addresses have been shorting multiple tokens such as BTC, ETH, and SOL to hedge their spot positions. However, as the market rises, the hedge portfolio has suffered a floating loss of more than $107 million.

1 hour ago, a whale withdrew a total of about 19.82 million US dollars of ETH from CEX PUMP Liquidity Provider such as Wintermute

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