Abraxas Capital Faces Significant Losses on Crypto Short Positions

According to BlockBeats, a cryptocurrency address identified by Arkham as belonging to Abraxas Capital has recently increased its Ethereum (ETH) short position by $5 million, utilizing a 10x leverage. Despite this move, the overall ETH short position remains at a floating loss of $78. 72 million. The details of the ETH position are as follows: the total position size is $299 million, with an opening price of $2,826 source: https://www.binance.com/en/square/post/27506495803842?utm_source=BinanceNewsRSS