Abraxas Capital's short exposure is approximately $452 million, with unrealized gains of about $37.24 million.

November 8th, according to TradingBeats monitoring, London asset management firm Abraxas Capital holds approximately $451.85 million in open contracts on Hyperliquid, almost entirely short positions, about four times the approximately $107.59 million exposure of Wintermute.

Abraxas Capital has unrealized profits of approximately $30.77 million, with total short exposure around $451.68 million. The main shorts include BTC around $158.66 million, HYPE around $77.6 million, ETH around $75.27 million, and ZEC around $63.51 million.