Abraxas Capital Spot Hedge Account Adds 10x Leverage to ETH and BTC Short Positions

By: theblockbeats.news|2025/07/21 04:22:06

BlockBeats News, July 21st, according to on-chain data, Abraxas Capital has increased its spot hedge position by 10 times for ETH and BTC shorts. Currently, it holds a $345 million Bitcoin short position and a $291 million Ethereum short position.

This address has accumulated a total loss of $82.64 million on Hyperliquid.

From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."

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