"Abraxas Capital" continues to increase ETH short positions, currently with a total funding fee settlement profit of $39.26 million.

On January 13, according to HyperInsight monitoring, an address labeled as Abraxas Capital (0x5b5) continued to add to its ETH short positions at around $3,107. The total increase was approximately 566 ETH (about $1.75 million), bringing the total position size to $38.2 million, with an average price of $3,248 and a liquidation price of $119,000. Additionally, it holds an HYPE short position of about $31.64 million, with an unrealized profit of $22.9 million. The short position of this address has accumulated a profit of $39.26 million through funding rate settlements.

Furthermore, monitoring shows that Abraxas Capital’s ETH short positions were established in May, previously being the largest contract fund whale on Hyperliquid. Since November, this address has been continuously taking profits on ETH shorts, with the position size previously around $267 million, and nearly $240 million has been closed so far.