Abraxas Capital Increases Short Positions on Gold Contracts

Abraxas Capital has significantly increased its short positions on gold contracts following a rise in spot gold prices, according to BlockBeats. The firm's sub-address on the Hyperliquid platform has expanded its short position to $30. 1 million, making it the largest on-chain short position in gold. Over the past month, Abraxas Capital has gradually increased its holdings, with the average position price rising from $4,786 to $5,281, and a liquidation price set at $6,989 source: https://www.binance.com/en/square/post/297810395759154?utm_source=BinanceNewsRSS