Abraxas Capital takes profit on short position in BTC, with two addresses having a total profit of 77.9 million USD

According to ChainCatcher's message and monitoring by HyperInsight, in the past 6 hours, two addresses marked as Abraxas Capital (0x5b5, 0x83) have closed some BTC short positions for profit, reducing the nominal value of their holdings by approximately $17.7 million. Currently, these two addresses still hold $232 million in short positions.

Additionally, monitoring shows that the total nominal value of the holdings of the two Abraxas Capital addresses is approximately $620 million. In the past 7 days, they have realized profits of $77.9 million and currently have an unrealized profit of about $38.2 million. It is worth noting that although both addresses adopt a fully short strategy, there are significant differences in their configurations: the main address primarily focuses on mainstream cryptocurrencies, while the sub-address diversifies into multiple altcoins to amplify potential returns. Among all 24 positions, currently only the ETH short position of the main address is still in a loss state.