News with the tag "Abraxas Capital"

Abraxas Capital is facing an estimated $244.78 million in unrealized losses from short positions in cryptocurrencies, primarily due to unfavorable market movements in Ethereum and Bitcoin.

Abraxas Capital is reportedly facing a $131 million unrealized loss on crypto short positions, primarily held on the Hyperliquid platform, highlighting the risks of high-stakes crypto trading.

Abraxas Capital's withdrawal of $81 million worth of Ethereum from exchanges signals institutional confidence in ETH's long-term value, potentially impacting market liquidity and investor sentiment.