Abraxas Capital's ZEC short position currently shows a floating profit of $34.98 million.

November 11, according to EmberCN monitoring, as the ZEC price dropped sharply today and fell below $1,000, asset management and hedge fund Abraxas Capital's two addresses holding ZEC short positions on Hyperliquid have seen floating profits on their ZEC positions alone reach $34.98 million.

Currently, the total floating profit of all open positions across these two addresses is as high as $118 million.