Abraxas Capital’s Two Accounts Short Multiple Cryptocurrencies Including ETH, with Unrealized Losses Exceeding $190 Million

According to a report by Jinse Finance, on-chain analytics platform Lookonchain (@lookonchain) has monitored that two accounts belonging to Abraxas Capital are currently shorting ETH, BTC, SOL, HYPE, and SUI, with total unrealized losses exceeding $190 million. Among these, the short position holding 113,819 ETH (approximately $483 million) has incurred losses of over $144 million.