Abraxas Capital added 13,000 ETH (~$32.4M) to its spot position while maintaining a 141,180 ETH short (~$353M) on Hyperliquid perpetuals. This two-sided positioning likely represents a hedge strategy to capture funding rather than a directional bet against Ethereum.
A post discusses Abraxas Capital, described as a billion-dollar market neutral whale trader, shared by Hans Hanson Birringer on X (Twitter).
A post discusses Abraxas Capital as a major market-neutral trader with significant positions in Hyperliquid, shared by Hans Birringer on X.