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Abraxas Capital has significant unrealized losses of $115 million on short orders, with ETH positions suffering the most.
[Block Rhythm] On July 27, it was monitored that the address starting with 0x5b5, marked as Abraxas Capital, just increased the position of its ETH hedging short order (10x) by 5 million USD. Currently, its overall ETH short order position still has unrealized losses of 78.72 million USD. The specific information is as follows:
Position size: 299 million USD Opening price: 2,826.72 USD Liquidation price: 5,096.9 USD Current profit and loss: unrealized losses of 78.72 million USD
In addition, the BTC hedging short order (10x) opened by this address has also incurred unrealized losses of 22.3 million USD, with a position value of 345 million USD. Other major hedging short order positions include: HYPE (5x short), unrealized losses of 6.89 million USD; SOL (10x short), unrealized losses of 8.51 million USD. Currently, the overall unrealized losses of the hedging short orders for this address are approximately 11.5 million USD.