cryptocurrency fund Abraxas CapitalEthereum (ETH) following recent market volatility 
$3,999.65 and pocketed a significant profit by partially closing short positions in various altcoins. According to HyperInsight data, on October 16, in the last two hours alone, a total of 1,870 ETH positions were closed from the fund’s two wallets (0x5b5… and 0x83…). With this transaction, the open position value of the fund decreased by approximately 7.5 million dollars. In the same period XPL And PUMP Gradual position reduction was also observed in the contracts.
Abraxas Capital’s Giant Portfolio Reached 7.6 Billion Dollars
Intra-blockchain data reveals that the total portfolio size of two addresses belonging to Abraxas Capital is at the level of 760 million dollars. While the fund has made a realized profit of more than $245 million in the last seven days, it still has an unrealized profit of approximately $25 million.
Available short positionLooking at the distribution of the assets, Ethereum is worth 290 million dollars, Bitcoin 
$110,871.06‘s 260 million dollars and HYPE coinIt seems to carry around 85 million dollars. This structure reveals that the fund continues to expect a decline in the market in general, but actively implements risk management by reducing short positions.
Fund’s Strategic Approach to Cryptocurrencies
Different risk profiles of the two addresses stand out in Abraxas Capital’s portfolio strategy. The main address plays on market weakness on a macro scale by concentrating on high-volume assets such as Bitcoin and Ethereum. Subaddresses are many altcoin Trying to maximize potential return with a more dispersed portfolio that includes
According to the analysis, among the fund’s total 24 active positions, only the Ethereum short belonging to the main address is still at a loss. This shows that the fund’s general strategy is still functioning effectively and the risk is distributed in a controlled manner.
With current data BTC While it was traded at $ 110,884 with a decrease of 1.44 percent in the last 24 hours. ETH It is trading at $4,008, just above the $4,000 threshold, with a 2.65 percent decrease in the same period.
