Abraxas Capital lost $14.5 million yesterday due to shorting BTC

Crypto 7x24

2025-06-24 12:18:50

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According to online reports, according to Arkham Monitoring, Abraxas Capital, which has assets under management of US$3.6 billion, currently holds more than US$200 million in short positions in Bitcoin. The fund has lost approximately US$14.5 million on its short positions due to fluctuations in Bitcoin prices in the past 24 hours.

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