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TechFlow news, July 14 — According to on-chain analytics platform Lookonchain (@lookonchain), two Abraxas Capital wallets on the Hyperliquid trading platform have shorted Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptocurrencies to hedge their spot holdings, incurring cumulative losses exceeding $107 million so far.
According to on-chain analytics platform Lookonchain (@lookonchain), two Abraxas Capital wallets on the Hyperliquid trading platform have hedged their spot positions by shorting cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), incurring cumulative losses exceeding $107 million so far.
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