Abraxas Capital's short hedge positions have an unrealized loss of $131.00 million.

On July 17, according to on-chain analyst Onchain Lens (@OnchainLens), Abraxas Capital's "basket" of token short positions opened on Hyperliquid has a floating loss of $131.00 million. Its short targets include $BTC, $ETH, $SOL, $SUI, $FARTCOIN, etc. [TechFlow]