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![Hunt029 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1891744187474935808.png) Hunt [@Hunt029](/creator/twitter/Hunt029) on x XXX followers
Created: 2025-07-17 06:56:54 UTC

🚨 Abraxas Capital is facing a massive hit.

Their fault: too bearish on $ETH

$XXXXX million in unrealized losses.

Their two accounts on Hyperliquid were shorting XXXXXXX Ethereum worth $389.72M.

Brutal imo.

![](https://pbs.twimg.com/media/GwCnvLTXsAA3fbP.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945739471250448857/c:line.svg)

**Related Topics**
[$38972m](/topic/$38972m)
[hyperliquid](/topic/hyperliquid)
[losses](/topic/losses)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/Hunt029/status/1945739471250448857)