Abraxas Capital reduces its BTC holdings, with total losses exceeding 50 million USD while still insisting on shorting

ChainCatcher message, according to HyperInsight monitoring, in the past 6 hours, the address marked as Abraxas Capital (0x5b5d) has continuously reduced its BTC short position by nearly 100; it has increased its ETH short position by about 280, with ETH short position floating losses exceeding 41 million dollars.

Additionally, monitoring shows that this address is fully shorting, with a total position of approximately 846 million dollars, and total floating losses once exceeding 50 million dollars. Current major positions: BTC approximately 293 million dollars; ETH approximately 285 million dollars; SOL approximately 111 million dollars. Meanwhile, this address has been continuously increasing its ETH, HYPE, and XPL short positions today.