Abraxas Capital Sub-Address Adds Nearly $200M in Short Positions as Holdings Reach $690M

Abraxas Capital's sub-address (0xb83) added nearly $200 million in short positions over the past three days, data from HyperInsight show. The address deposited about $29 million into Hyperliquid and opened large BTC, ETH and SOL shorts starting yesterday afternoon. Two tracked addresses (0x5b5 and 0xb83) increased their total nominal position value from $480 million on Oct. 27 to $690 million, with ETH shorts rising to $273 million and BTC shorts reaching $239 million. Both addresses remain fully allocated to short positions and are ranked first among futures holders on Hyperliquid over the past 24 hours.