Abraxas Capital Adds 54 BTC, Expanding Long Position to $5M on Hyperliquid

Gate News message, April 22 — Abraxas Capital, a major trader on the Hyperliquid platform, increased its BTC long position by 54 BTC (approximately $4.2 million) over the past two hours, bringing its total long position size to $5 million with an average entry price of $77,450, according to Hyperinsight monitoring.

The address had completely closed its BTC short position on April 12. It then opened a small test long position at approximately $74,000 BTC. Today marked the first time the trader initiated a rolling build-up, and the position was still being increased at the time of reporting.