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

On December 8, according to monitoring by HyperInsight, 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%). These short positions have already realized a profit of $13.61 million through funding rate settlements. Additionally, monitoring shows 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, totaling $217 million in closed positions. Subsequently, part of the funds were used to increase holdings of HYPE spot, with current HYPE spot holdings around $53.84 million. Furthermore, out of 22 previous short positions across the two addresses, most have been fully closed, with only three positions over $200,000 remaining, specifically short positions in ETH, HYPE, and FARTCOIN. Previously, these addresses were the largest short whale on Hyperliquid.