Abraxas Capital Holds $980 Million Short Position on Hyperliquid

Abraxas Capital is reportedly holding a large-scale sell position exceeding $980 million (approximately 1.316 trillion won) on Hyperliquid, according to a report by PANews. On April 14, PANews cited Lookonchain's monitoring that the position includes 168,549 Ethereum (ETH) and 2,771 Bitcoin (BTC). The value of the Ethereum short position is reported at $423.7 million (approximately 569 billion won), while the Bitcoin short position is valued at $214 million (approximately 287.4 billion won).