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![cas_abbe Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1242073759735058432.png) Cas Abbé [@cas_abbe](/creator/twitter/cas_abbe) on x 99.9K followers
Created: 2025-05-22 06:05:25 UTC

Abraxas Capital is shorting $BTC, $ETH and $SOL 🚨

Isn't Abraxas Capital is also accumulating $ETH, then why are they shorting?

It's called hedging, which is often done to minimize the risk.

As of now, Abraxas Capital short positions are in loss of >$20M, but their spot positions are in >$80M profit.

On top of that, they have also made >$1.5M from funding fees, so overall, they are still in huge profit.

![](https://pbs.twimg.com/media/GriC5zTboAI0B2T.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1925432795473879341/c:line.svg)

**Related Topics**
[btc eth](/topic/btc-eth)
[20m](/topic/20m)
[sol](/topic/sol)
[$15m](/topic/$15m)
[$80m](/topic/$80m)
[$20m](/topic/$20m)
[positions](/topic/positions)
[hedging](/topic/hedging)

[Post Link](https://x.com/cas_abbe/status/1925432795473879341)