Arkham: Abraxas Capital Holds $500 Million in Short Positions Across Multiple Major Tokens in a Single Address, with Over $18 Million in Unrealized Profits

According to Arkham's monitoring, addresses belonging to Abraxas Capital are holding short positions in several major tokens with a total value of $500 million. These include 10x leveraged shorts on BTC, ETH, SOL, and SUI, valued at $224 million, $163 million, $44 million, and $560,000 respectively. Statistics show that these short positions have currently generated an unrealized profit of over $18 million.