Abraxas Capital deposits $3M into Hyperliquid, expands BTC and ETH shorts

Abraxas Capital deposited 3 million USDC into Hyperliquid and then increased its short positions in BTC and ETH again, according to on-chain analysis account Onchain Lens. The positions currently stand at 796.4 BTC, worth about $51.5 million, and 31,640 ETH, worth about $59.2 million, marking a sharp increase from two days earlier.