Abraxas Capital Trims ETH Short by 1,348.11 ETH, Total Position at $18.06M

On Feb. 2, Abraxas Capital's main address (0x5b5d…) took profit on its ETH short position, cutting 1,348.11 ETH valued at about $3.01M, Hyperinsight data show. Following the trade, the short position's total value declined to $18.06M. The position shows an unrealized gain of about $7.28M with a 403.03% return, an average entry price of $3,202.42, and a liquidation level of $5,967.56.