Abraxas Capital, a major crypto investment firm, has taken over $980 million in short positions on Hyperliquid, indicating expectations of a price decline for the decentralized futures exchange. This strategy involves complex hedging, including spot ETH transactions, and suggests bearish sentiment. Market watchers see Abraxas's moves as influential, with uncertainty around Hyperliquid's future price, especially given a 49% market probability of it reaching $100 by year-end. Investors will watch for any strategic or regulatory developments that could shift this outlook.
Despite Abraxas Capital's bearish stance with $980 million in shorts on Hyperliquid, HYPE is trading up 3.45% on Pluang as of Sep 14, 2026 19:51 WIB, at Rp1.410.060. This price is supported by a market cap of Rp358.23 trillion and a strong buy interest of 77% among Pluang users, contrasting with the significant short positions. The typical hold time of 37 days suggests moderate investor confidence amid the complex market outlook.
Hyperliquid Strategies purchased 130,000 Hyperliquid (HYPE) tokens this week, increasing its total holdings to 38.83 million tokens valued at approximately $3.055 billion. The purchase cost about $10.23 million. Previously, the company had acquired 1...
On October 22, large limit orders for Bitcoin (BTC), Ether (ETH), and HYPE totaling about $121 million were newly placed or repriced and remained open in key monitored accounts. Bitcoin accounted for the largest share with approximately $73.62 millio...
More than $210 million in leveraged long positions were liquidated following significant price drops in Bitcoin and Ethereum, with BTC nearing $81,000 and ETH around $2,300. This sharp market deleveraging signals a shift in sentiment, reflected in th...
Hyperliquid operates a unique crypto trading platform with its order book on its own layer-1 blockchain, focusing on perpetual futures and spot markets. Its native token, HYPE, priced at $81.42 as of October 21, 2026, ranks 11th in crypto market valu...
Hyperliquid recently purchased and burned 21,790 HYPE tokens over 24 hours for about $1.75 million, at an average price of $80.27 each. This burn increased the total tokens burned to 49.69 million, representing 4.97% of HYPE's maximum supply of 1 bil...
