Hyperliquid’s largest short position holder, Abraxas Capital, has established a new ASTER long position sub-address. Both the new and existing addresses are currently reflecting a 60% unrealized gain. This development indicates a strategic move by Abraxas Capital amid its existing short position. The increase in unrealized gains suggests a favorable market response to the new long position. Investors will be closely monitoring the performance of these positions as market conditions evolve.
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