The top short seller on Hyperliquid significantly closed out their positions this month, including XPL and other multi-assets, reducing their total position from $760 million at the beginning of the month to $270 million.
By: theblockbeats.news|2025/11/18 07:45:56
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BlockBeats News, November 18th, according to HyperInsight monitoring, in the past nearly 16 hours, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) have significantly closed out their positions to take profit on XPL, totaling over 54 million tokens. Their unrealized gains once exceeded 14 million USD (1000%), and they have currently realized profits of over 12 million USD, with remaining holdings of only 740,000 USD.
Starting this month, the 22 short positions of Abraxas Capital's two addresses have been successively closed out to take profits. Compared to November 3rd, their total holdings have decreased from 760 million USD to 270 million USD. They have continuously withdrawn over 30 million USD from Hyperliquid to various trading platforms. Before closing their positions, they were the largest address in terms of holdings on Hyperliquid. The main changes in their major short positions compared to the beginning of the month are as follows: ETH from 267 million to 138 million USD, BTC from 280 million to 21.69 million USD, HYPE from 97.4 million to 89.3 million USD.
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