Abraxas liquidates HYPE's short position, securing unrealized gains of over $90 million

LiquidationSurvivor · 2026-02-14T11:08:46+00:00

Abracax Capital has begun to close its short position on HYPE, realizing approximately $9.07 million in unrealized gains and earning $39.73 million in funding fees. This strategic move reflects their adept risk management and market foresight, influencing HYPE's price dynamics.

LiquidationSurvivor

2026-02-14 11:08:46

Abstract generation in progress

According to data from DataNerd monitoring information, Abraxas Capital has recently begun closing its short positions on HYPE. Detailed data revealed through multiple reports indicates that this position adjustment has resulted in an unrealized profit of approximately $9.07 million, and the funding fees earned so far have reached a total of $39.73 million.

Massive Profits and Ongoing Revenue Streams

Abraxas’s position liquidation suggests a profit-taking strategy that skillfully leverages HYPE’s price fluctuations. The unrealized gains from short selling combined with the substantial funding fee income of $39.73 million generated from borrowing costs demonstrate the company’s precise risk management and market prediction capabilities. Such large-scale position adjustments are attracting attention within the industry.

Current HYPE Market Situation and Price Trends

As of February 14, Hyperliquid (HYPE) is trading at a price level of $31.92, and the impact of Abraxas’s strategic position adjustments on the HYPE market is being closely watched. Changes in the holdings of major players like Abraxas play a significant role in market liquidity and price formation, and they may also trigger other investors to adjust their positions.

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