'Abraxas Capital' Continues to Increase Short Positions on Gold, Two Addresses Hold a Total of $18.8 Million

BlockBeats News, February 5, according to HyperInsight monitoring, the main address of Abraxas Capital (0x5b5) has been continuously increasing its short positions on xyz:GOLD (gold-mapped contract) at around $4,867 in spot gold. The position size has expanded to $9.18 million, with an average price of $4,786 and a liquidation price of $6,785. Additionally, its sub-address (0xb83) is currently holding synchronized 5x leveraged short positions on xyz:GOLD, with an average price of $4,887. Abraxas Capital was once the largest contract whale by capital size on Hyperliquid. Since November, this address has been consistently taking profit, with its position size significantly reduced from a peak of $920 million to the current level of approximately $60 million.