Abraxas Capital hedged short BTC, ETH, SOL on Hyperliquid, resulting in a floating loss of over $25 million According to Lookonchain's disclosure, Abraxas Capital shorted BTC, ETH, and SOL on Hyperliquid with 10 times leverage through addresses 0xB83D and 0x5b5d, or as a spot position hedging strategy. Currently holding 2572 BTC ($288 million), 57317 ETH ($151 million), and 504957 SOL ($89.4 million) short positions, with a floating loss of over $25 million.