Abraxas Capital, a prominent player in cryptocurrency investments, has garnered attention with its opened short positions on the Hyperliquid exchange, totaling approximately $800 million in various assets and significant losses.
Company Overview
Abraxas Capital is a notable company in cryptocurrency investment markets, actively dealing with various digital assets. In its latest move, it has opened large short positions on the Hyperliquid exchange.
Company Positions and Associated Losses
The company's total position amounting to about $800 million includes the following assets:
* BTC (10x leverage): $344 million position with 2,918 BTC, -$21.5 million loss (-66.8%) * ETH (10x leverage): $298 million position with 79,493 ETH, -$72.6 million loss (-321.8%) * HYPE (5x leverage): $82.5 million position with 1.9 million HYPE, -$6.8 million loss (-45.2%) * SOL (10x leverage): $69 million position with 380,752 SOL, -$6.1 million loss (-97.0%) * SUI (10x leverage): +$178k profit (+63.8%) on $2.6m position with 674,054 SUI.
The largest losses are attributed to positions in BTC and ETH.
Analysis of Liquidation Prices
The liquidation price for the BTC position is $161,605, which is significantly above the current price. For ETH, the liquidation price is set at $5,342.
Abraxas Capital is facing considerable financial difficulties due to its opened short positions in cryptocurrencies, as evidenced by significant losses in key assets.
