Abraxas Capital Buys 16,554 More Ether, Keeps 120,178-ETH Short
Summary
- Abraxas Capital bought an additional 16,554 ETH over the past 12 hours in a purchase valued at $39.8 million.
- Abraxas Capital is also maintaining a large short position equivalent to 120,178 ETH.
- The short position is currently worth $291.4 million and is held through Hyperliquid (HYPE).
Forecast Trend Report by Period
Global asset manager Abraxas Capital has made another large purchase of Ether.
Lookonchain said on September 3 that Abraxas Capital bought an additional 16,554 ETH over the past 12 hours. The purchase was worth $39.8 million at current prices.
The firm is also maintaining a large short position. According to Lookonchain, Abraxas Capital holds a 120,178-ETH short through Hyperliquid (HYPE), currently valued at $291.4 million.
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