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Abraxas Capital shorts hedge spot, current floating loss exceeds $107 million

Summary: According to Lookonchain, Abraxas Capital has been continuously shorting BTC, ETH, SOL, and other tokens at two addresses recently to hedge its spot positions. However, with the market rising, the current hedge portfolio has a floating loss exceeding $107 million.

According to Lookonchain, Abraxas Capital has been continuously shorting BTC, ETH, SOL, and other tokens at two addresses recently to hedge its spot positions. However, with the market rising, the current hedge portfolio has a floating loss exceeding $107 million.

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