Abraxas Capital's ETH short positions have accumulated a profit of $39.26 million

HyperInsight monitoring shows that the address 0x5b5 marked as Abraxas Capital continues to increase its ETH short position at $3107, accumulating approximately 566 ETH holdings (approximately $1.75 million), expanding its position size to $38.2 million, with an average price of $3248 and a liquidation price of $119000. In addition, the address also holds approximately $31.64 million in HYPE short positions, with a floating profit of $22.9 million. Its short positions have accumulated a profit of $39.26 million through fund rate settlement. According to monitoring, the ETH short position at the address has been open since May and has been continuously taking profits since November, with a cumulative closing of nearly 240 million US dollars and a previous holding size of approximately 267 million US dollars.