Recent market monitoring by The Data Nerd indicates that Abraxas Capital is in the process of unwinding its short positions on HYPE, with significant financial gains on the table. The fund's unrealized profits from these bearish bets currently stand at approximately $9.07 million, while the accumulated funding fee income from maintaining these positions has reached $39.73 million, according to reports from Foresight News. This move suggests that Abraxas Capital may be adjusting its HYPE strategy amid broader market dynamics.

HYPE0,4%
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