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The largest short position of Hyperliquid significantly closed positions on XPL and multiple other coins this month, with total holdings decreasing from 760 million at the beginning of the month to 270 million.

On November 18, according to monitoring by HyperInsight, two addresses marked as Abraxas Capital (0x5b5, 0xb83) closed positions to take profit on XPL, exceeding 54 million coins in the past 16 hours, with unrealized gains at one point exceeding 14 million USD (1000%). Currently, they have pocketed profits of over 12 million USD, with holdings remaining at only 740,000 USD. Since this month, the 22 short positions of the two Abraxas Capital addresses have all been gradually closed to take profit, with their total holdings decreasing from 760 million USD on November 3 to 270 million USD. They have withdrawn over 30 million USD from Hyperliquid to different trading platforms. Before closing positions, they were the largest holding address on Hyperliquid. Currently, their main short positions have changed compared to the beginning of the month: ETH 267 million—138 million USD, BTC 280 million—21.69 million USD, HYPE 97.4 million—89.3 million USD.

HYPE2.94%
XPL18.14%
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