Abraxas Capital has a floating loss of nearly $78.00 million on its ETH short position on Hyperliquid.

According to Lookonchain monitoring, Abraxas Capital currently holds a total of 113,505 $ETH (approximately $390.00 million) in short positions across two accounts on Hyperliquid, with a total floating loss of $77.85 million. [Foresight News]