
Abraxas Capital buys $32M in ETH spot to hedge $353M short on Hyperliquid
Abraxas Capital purchased 13,000 ETH worth $32.39 million in the spot market to hedge its large 141,180 ETH short position valued at $353.27 million on the Hyperliquid platform. This spot purchase covers just over 9% of the short position, allowing A...


