According to BlockBeats news on November 18, monitoring by HyperInsight shows that in the past 16 hours, two addresses marked as Abraxas Capital (0x5b5, 0xb83) have significantly closed positions to take profit on XPL exceeding 54 million coins, with unrealized gains at one point exceeding 14 million USD (1000%). Currently, they have realized profits of over 12 million USD, with holdings reduced to only 740,000 USD.
Since this month, Abraxas Capital's 22 short positions across two addresses have been gradually closed to take profit. Their total holdings have decreased 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 They have withdrawn over 30 million USD from Hyperliquid to different trading platforms.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, it was the address with the largest holdings 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.
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