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Abraxas-Linked Accounts’ Cumulative Profit Tops $512 Million on Hyperliquid

Their combined short positions were valued at $572 million at 1:10 a.m. ET, down from $1.05 billion on Nov. 9.

Updated 1 min read
Anonymous hands check a crypto position on a phone in a New York apartment before dawn / EconoTimes.ai
Anonymous hands check a crypto position on a phone in a New York apartment before dawn / EconoTimes.ai

In the Nov. 14 reading, the two accounts had more than $512 million in cumulative profit, alongside $572 million in short exposure at 1:10 a.m. ET (6:10 UTC).

The snapshot captures large-account activity on the Hyperliquid crypto exchange. EconoTimes’ Nov. 9 report on the positions put the combined shorts at $1.05 billion and cumulative profit at $429 million.

The short total was also below the more than $1.29 billion recorded on Oct. 25, when cumulative profit exceeded $353 million. EconoTimes’ past coverage put the accounts’ notional short peak at $1.57 billion on Oct. 6, 2025.

Earlier EconoTimes coverage of the hedging strategy and funding payments described the shorts as a hedge alongside crypto holdings and said the accounts had received more than $66 million in Hyperliquid funding payments. Their activity has covered 37 markets, with $9.8 billion in volume and 5 million trade fills, according to previous EconoTimes reporting.

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