Abraxas Capital Increases HYPE Long Position Within Trading Range, Sub-address Takes Profit in Multiple Assets Today and Withdraws Close to $100 Million

By: theblockbeats.news|2025/10/23 16:15:50

BlockBeats News, October 23rd, according to HyperInsight monitoring, in the past 6 hours, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) simultaneously added to their HYPE long positions at a price of $38.6 within half an hour, with the current total nominal value of the positions amounting to approximately $7.75 million. In addition, the two addresses still hold a HYPE short position totaling $79.77 million. The main address currently holds short positions in ETH ($192 million), BTC ($109 million), and HYPE ($51.43 million).

According to monitoring, the total nominal value of the positions held by Abraxas Capital's two addresses has decreased from $620 million to $440 million, with a weekly realized profit of $24.77 million. Its subsidiary addresses closed multi-currency profit-taking positions today and made a large withdrawal of nearly $100 million, some of which has been transferred to Binance's hot wallet. The nominal value of the subsidiary address currently stands at $38.81 million, with the only position exceeding tens of millions of dollars being a HYPE short position.

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.

On the eve of the explosion of on-chain options

Options are becoming a new anchor in the cryptocurrency market.

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?

A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

A skilled person never picks the table, they eat meat with every bite.

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.