FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.6T -0.1%24h Vol $104.8B -0.7%Fear & Greed 51/100Alts Index 27/100
BTC.D 58.6% 0%Stable.D 10.2% 0%ETH.D 11.3% 0%Others.D 19.9% 0%
AKE$0.0273+78.56%AI$0.3214+35.32%龙虾$0.1779+19.42%ARB$0.1511+12.84%牛来$0.1189+11.99%LAPTOP$0.2390+9.71%USELESS$0.2225+9.44%FF$0.1389+9.18%H$0.0858+4.43%AWE$0.0626+2.6%
UAI$0.3767-28.04%CAP$0.0554-23.23%RAIN$0.0132-12.14%INJ$5.409-11.94%PI$0.0869-11.64%JUP$0.2135-11.45%LSK$0.3415-10.86%AR$2.511-10.6%XLM$0.1753-10.39%FIL$0.8099-9.98%
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      Abraxas Capital Acquires $39 Million in Ethereum While Maintaining $291 Million in Shorts

      Abraxas Capital, a London-based digital asset management firm with over $4 billion in assets, has purchased 16,554 ETH valued at approximately $39 million. Concurrently, the firm holds significant short positions totaling 120,178 ETH on Hyperliquid, a decentralized perpetual futures exchange.

      The firm's short exposure has fluctuated between $700 million and $900 million across various cryptocurrencies, with Ethereum consistently representing the largest portion. Recent data indicates that Abraxas has maintained ETH shorts ranging from $120 million to $194 million, reflecting a strategic hedging approach that allows the firm to capitalize on both rising and falling market conditions.

      In a notable trading move earlier this month, Abraxas withdrew 73,872 ETH from Binance, worth around $173 million. This latest acquisition of ETH aligns with their strategy of accumulating the asset while leveraging short positions to generate yield through funding rates. The firm reported a profit of $21 million in a single day, showcasing the effectiveness of their trading strategy.

      Hyperliquid, the platform where Abraxas holds its shorts, has become a key player in the on-chain perpetual futures market. The dual strategy of accumulating ETH while maintaining substantial short positions positions Abraxas to benefit from market fluctuations, ensuring a steady income stream regardless of price direction. This approach has allowed the firm to navigate market volatility while remaining profitable.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud