[Two Accounts Under Abraxas Capital Suffer Losses Exceeding $100 Million from Shorting Cryptocurrencies] According to monitoring by Arkham, two accounts under Abraxas Capital shorted over $919.9 million worth of cryptocurrencies on the Hyperliquid platform, including BTC, ETH, HYPE, and WLFI. Currently, these two accounts have incurred losses exceeding $106.6 million. The liquidation prices for Bitcoin in these two accounts are $151,530 and $149,910, respectively. Note: Entities under Abraxas Capital also hold over $2.49 billion in BTC and $486 million in ETH, with these positions having a positive delta (i.e., net long rather than net short). They may be engaging in funding rate arbitrage on Hyperliquid. They might also hold other positions on Binance or CEX, but these positions cannot be observed on-chain.