Abraxas Capital achieved a historical high of 193 million USD in cumulative profits from perpetual contracts on Hyperliquid

Abraxas Capital's wallet has achieved a historic high in cumulative profits from Hyperliquid perpetual contracts, reaching 193 million USD. Since the positions have been hedged with spot assets, this profit does not solely come from directional trading.

The wallet currently holds approximately 207 million USDC, with a cumulative trading volume of 5.43 billion USD, an open position size of about 7.25 billion USD, and holds significant positions in BTC, ETH, and SOL.