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by: xpoolPosted on: August 13, 2025

Abraxas Capital Suffers Major Losses Amidst Bull Market

The cryptocurrency hedge fund Abraxas Capital is facing significant losses totaling $244.78 million, attributed to bearish bets on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), HYPE token, and SUI across two wallets. These losses specifically stem from the fund’s short positions in ETH, with reported losses exceeding $188.7 million alone.

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Abraxas Capital Bitcoin Cryptocurrency Hedge Fund

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