Data: "Abraxas Capital" continues to increase short positions in gold, with holdings across two addresses reaching $18.8 million.

ZkProver · 2026-02-05T09:32:12+00:00

Abraxas Capital's main address is increasing its position in the gold mapping contract xyz:GOLD short position, with holdings rising to $9.18 million. Its subsidiary address also holds a 5x leveraged short position. Since November, Abraxas Capital's total holdings have decreased from $920 million to approximately $60 million.

ZkProver

2026-02-05 09:32:12

Abstract generation in progress

ChainCatcher reports that, according to HyperInsight monitoring, Abraxas Capital’s main address (0x5b5) has been continuously increasing short positions in xyz:GOLD (gold mapping contract) at around $4,867 in spot gold. The position size has expanded to $9.18 million, with an average entry price of $4,786 and a liquidation price of $6,785. Additionally, its sub-address (0xb83) currently holds a 5x leveraged short position in xyz:GOLD, with an average entry price of $4,887.

Abraxas Capital once became the largest contract whale on Hyperliquid in terms of funds under management. Since November, this address has been continuously taking profits, and its position size has been significantly reduced from a peak of $920 million to approximately $60 million.

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