Two Abraxas Capital accounts lost over $100 million from shorting cryptocurrencies

Two accounts affiliated with Abraxas Capital shorted over $919.9 million worth of cryptocurrencies on the Hyperliquid platform, including BTC, ETH, HYPE, and WLFI. Currently, the two accounts have lost over $106.6 million. The two accounts' Bitcoin liquidation prices were $151,530 and $149,910, respectively.