"Abraxas Capital" continues to increase short positions in gold, with the holdings across two addresses reaching $18.8 million.

BlockBeats News, February 5th, according to HyperInsight monitoring, Abraxas Capital’s main address (0x5b5) has been continuously increasing short positions in xyz:GOLD (gold mapping contract) at a spot gold price of approximately $4,867. The position size has expanded to $9.18 million, with an average entry price of $4,786 and a liquidation price of $6,785. Additionally, its sub-address (0xb83) currently holds a 5x leveraged short position in xyz:GOLD, with an average entry price of $4,887.

Abraxas Capital once became the largest contract whale by funds on Hyperliquid. Since November, this address has been continuously taking profits, and its position size has been significantly reduced from a peak of $920 million to approximately $60 million.