Abraxas Capital quickly closed positions on multiple coins during the consolidation period, with holdings decreasing by nearly 20 million in a short time.

On October 14, according to monitoring by HyperInsight, in the past hour, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) started to roll down multiple coins' short positions for take profit after Bitcoin fell to $111,800 and entered a consolidation phase. The specific reduction is as follows: - SOL: approximately 46,000 coins, valued at about $8.94 million; - BTC: approximately 83 coins, valued at about $9.28 million; - PUMP: approximately 171 million coins, valued at about $650,000; - XPL: approximately 2.08 million coins, valued at about $870,000. As of now, Abraxas Capital's main address total holdings are approximately $630 million, a decrease of about $110 million from last week; the total holdings of the sub-address are approximately $203 million, a decrease of about $120 million from last week, and its operational direction is generally consistent with the main address. It is noteworthy that both addresses are fully short positions, but their strategy preferences differ: the main address heavily bets on mainstream tokens to express a macro bearish outlook, while the sub-address amplifies returns through a diversified altcoin basket. In the past 7 days, these two addresses ranked second and third on the profit list, respectively. Rhythm BlockBeats reminds investors that the recent fluctuations in the crypto assets market have significantly intensified, and investors need to pay attention to risk control.