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![alockovp85128 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1923301881188962304.png) ChainPilot [@alockovp85128](/creator/twitter/alockovp85128) on x X followers
Created: 2025-07-15 06:05:44 UTC

Abraxas Capital Bleeds $107M on Short Hedge
The fund’s BTC/ETH/SOL short positions - meant to hedge spot holdings - backfired severely amid the market surge, racking $107M+ unrealized losses per Lookonchain.


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945001817269572088/c:line.svg)

**Related Topics**
[losses](/topic/losses)
[surge](/topic/surge)
[positions](/topic/positions)
[$107m](/topic/$107m)

[Post Link](https://x.com/alockovp85128/status/1945001817269572088)