• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Abraxas Capital Lost $40 Million Shorting BTC, ETH, and HYPE

user avatar

by Giorgi Kostiuk

8 hours ago


Recent developments at Abraxas Capital Management have led to significant losses. The fund experienced a $40 million loss after opening large short positions in the cryptocurrency market.

Overall Losses and Overview

Abraxas Capital Management suffered a loss of $40 million after opening short positions amounting to over $430 million within ten days. Trading data reveals that the fund made significant bets against the market, resulting in unexpected consequences.

Investment Data and Movements

According to data from Arkham, Abraxas opened large short positions on BTC, ETH, HYPE, SOL, and SUI. Specifically, the BTC short, valued at $217.9 million, is currently showing a $5.24 million loss. Meanwhile, ETH and HYPE have also demonstrated significant losses. Conversely, SOL showed a profit of $30.59 million.

Portfolio and Asset Values

Currently, Abraxas holds $5.009 million in visible assets. The majority of funds are in AAVE v3 at $5 million, while ETH and USDC account for $971k and $9k respectively. Usage data indicates that Binance and Hyperliquid are their main liquidity partners.

Thus, Abraxas Capital finds itself in a challenging situation due to unprofitable investments in short positions. Nevertheless, the fund continues to actively manage its assets in the market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

What to Expect from Trump's 'Beautiful Act'?

chest

On July 4, 2025, Trump's 'Beautiful Act' signing is anticipated, potentially impacting crypto regulation in the U.S.

user avatarGiorgi Kostiuk

Federal Reserve Maintains Interest Rates in July: Impact on Financial Markets

chest

The Federal Reserve has declined to cut interest rates in July, citing economic uncertainty and inflation concerns.

user avatarGiorgi Kostiuk

US Trade Agreements: Myths and Realities of Upcoming Changes

chest

US Deputy Secretary of the Treasury Michael Faulkender announced potential trade agreements that could influence global markets.

user avatarGiorgi Kostiuk

98% of Bitcoin Holders in Profit: Market Optimism Rises

chest

Recent data shows that 98% of Bitcoin holders are currently profitable, highlighting positive market sentiment.

user avatarGiorgi Kostiuk

Shiba Inu Surpasses One Trillion Tokens: A Return to the Trillionaire Club

chest

Shiba Inu has reached a new milestone by surpassing one trillion tokens in transaction volumes, regaining its position in the market.

user avatarGiorgi Kostiuk

Charles Hoskinson and Censorship Controversies Surrounding Cardano

chest

Cardano founder Charles Hoskinson responds to claims of potential government censorship of the blockchain.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.