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Abraxas Capital's Zcash shorts yield $35M unrealized profit as ZEC price drops below $1,000

Market News
12 Nov 2026, 04:31 WIB
Tokenpost
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Bullish
Abraxas Capital's Zcash shorts yield $35M unrealized profit as ZEC price drops below $1,000

Abraxas Capital holds $34.98 million in unrealized profits on Zcash (ZEC) short positions as the cryptocurrency's price fell below $1,000. These gains are part of a larger $118 million combined unrealized profit across two Hyperliquid addresses linked to the firm. As of November 8, the total value of Abraxas Capital's Hyperliquid positions was $451.85 million, mostly short positions, with $30.77 million in unrealized profit. This indicates significant exposure and potential gains from bearish bets on ZEC's price movement.

Zcash (ZEC) trades at Rp18.017.187 on Pluang as of Nov 12, 2026 09:51 WIB, down 3.16% in the last day. The platform shows a market cap of Rp7,04 trillion and a 24-hour trading volume of Rp787,62 million. Notably, all Pluang order activity for ZEC is currently sell orders, with a typical hold time of 108 days, highlighting a bearish sentiment that aligns with Abraxas Capital's short gains reported in the news.

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