Abraxas Capital shorted ETH, BTC, SOL, HYPE, and SUI, with a current loss of over $190 million

According to Lookonchain, two accounts belonging to Abraxas Capital shorted ETH, BTC, SOL, HYPE, and SUI, respectively, resulting in unrealized losses exceeding $190 million. Abraxas Capital held a short position of 113,819 ETH (worth $483 million), resulting in losses exceeding $144 million.