BTC has dropped to $82,800, yet the two major short addresses of hedge fund Abraxas are still sitting on unrealized losses of over $76 million The reason is clear: shorted too early + kept adding to their positions. Currently, the two addresses hold BTC and ETH short positions worth a whopping $936 million, with the following breakdown: - 0xb83d…6e36: BTC and ETH short positions worth $426 million, with unrealized losses totaling $29.62 million - 0x5b5d…c060: BTC and ETH short positions worth $511 million, with unrealized losses totaling $45.59 million But the lowest cost for BTC is only $76,098.4, and for ETH, it's just $2,315.73. This pullback has only reduced the losses—it’s still a long way from breaking even…