Abraxas Capital has $303.94M in realized PnL on @HyperliquidX - and they're running two completely opposite books to get there. Wallet 1: 98% long. $11.80M BTC at $77.24K entry, up $509K. XRP short generating 631% ROI on the side. $179.38M in realized PnL behind it. Wallet 2: 79% short. $23.65M against GOLD. $4.77M short on HYPE. $1.68M short on FARTCOIN. $124.56M realized PnL. Same fund but opposite theses running in parallel. The read across both books: long BTC, short altcoin exposure(Nansen 🧭)