🚨 Abraxas Capital buys more $ETH while continuing its hedging strategy 👀
According to Arkham data, over the past 24 hours, Abraxas Capital has accumulated a total of:
• 13,000 $ETH ($32.39M) from #Binance
• Immediately deposited portions of the ETH into #Aave and #Spark as collateral
Meanwhile, on the perp side, their $ETH SHORT position has increased to $352.56M. 📉
So the strategy remains clear:
Buy $ETH → use it as collateral → maintain a large ETH SHORT as a hedge.
Abraxas is continuing to play both sides of the market. 👀
September 8, 2026 383 2
