Abraxas is facing an unrealized loss of over $200 million The two main addresses under the hedge fund Abraxas Capital currently hold a combined $1.295 billion in perpetual positions, almost entirely short, with a total unrealized loss of approximately $200 million. The biggest hits are from a few major positions: - ETH: Combined unrealized loss of $71.15M - BTC: Combined unrealized loss of $42.40M - HYPE: Combined unrealized loss of $33.55M - SOL: Combined unrealized loss of $31.98M - ZEC: Combined unrealized loss of $13.83M The single account 0x5b5d…8c060 has an unrealized loss of $113M, while 0xb83d…6e36 is down $87.28M. Nearly $1.3 billion in short positions, holding on through a $200 million unrealized loss…