Monitoring: Abraxas' two hedging accounts have made a cumulative profit of USD 428.56 million

According to TechFlow, on November 9, Lookonchain monitoring showed that Abraxas Capital's two hedging accounts on Hyperliquid had made a cumulative profit of USD 428.56 million and currently still hold short positions worth approximately USD 1.05 billion.

The accompanying image shows that the two accounts' cumulative profit and loss were USD 243.87 million and USD 184.69 million, respectively, while their short positions were approximately USD 576 million and USD 473 million, respectively.

Source: TechFlow