Giant Investment Company Cornered: Heavy Losses on Bitcoin and 4 Altcoins from Shorts – Here Are Its Positions

Abraxas Capital, one of the notable companies in the cryptocurrency investment markets, came to the fore with the high-volume short positions it opened on the Hyperliquid exchange.

The company has a total position of approximately $800 million in $BTC, $ETH, $SOL, $HYPE, and $SUI assets, while its current unrealized loss (uPnL) has exceeded $106.3 million.

Details of the company's positions are as follows:

• $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.

$BTC and $ETH positions, in particular, have caused significant losses in the company's portfolio. The liquidation price for the $BTC position is $161,605, well above the current price. For $ETH, the liquidation price is $5,342.

*This is not investment advice.