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by: xpoolPosted on: May 22, 2025

Abraxas Capital Suffers Multi-Million Dollar Loss from Crypto Shorts

UK-based asset management firm Abraxas Capital has incurred significant losses on its leveraged short positions in cryptocurrencies. The firm’s bets against Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have resulted in an unrealized loss of over $25 million, according to blockchain analytics firm Lookonchain. ]

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Cryptocurrency Investment Losses Shorting

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