Abraxas Capital recently closed another ETH short position, with total closed positions exceeding $200 million since November.

According to ChainCatcher, recent monitoring by HyperInsight shows that in the past two days, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) have been continuously closing ETH short positions totaling approximately $10.26 million. The current position size is about $51.57 million, with an average price of $3,522, and an unrealized profit of $6.68 million (130%). This short position has already realized a profit of $13.61 million through funding rate settlements.

Additionally, monitoring indicates that Abraxas Capital has been continuously closing ETH short positions since early November, with the position size decreasing from $267 million to $51.57 million, cumulatively closing $217 million. Subsequently, part of the funds were used to increase holdings in HYPE spot, with the current HYPE spot position around $53.84 million. Furthermore, most of the previous 22 short positions across its two addresses have been fully closed, and currently, among positions exceeding $200,000, only three remain: short positions in ETH, HYPE, and FARTCOIN. Previously, this was the largest short whale on Hyperliquid.