How large is Abraxas Capital’s Ethereum (CRYPTO:ETH) short?

The position is worth about $100.06 million.

What is the Ethereum (CRYPTO:ETH) liquidation price?

The reported liquidation price is $3,946.19.

Its reported short exposure across four cryptocurrencies is about $783 million.

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Written by Liezl GambePublished Aug 24, 2026, 7:03 AM

Abraxas Capital opened a $100.06 million short position on Ethereum (CRYPTO:ETH).
The firm also withdrew 73,872 ETH worth about $173.17 million from Binance.
Its total short exposure across four cryptocurrencies reached about $783 million.

Abraxas Capital opened a $100.06 million short position on Ethereum (CRYPTO:ETH) through Hyperliquid, according to Lookonchain.

The firm withdrew 73,872 ETH worth about $173.17 million from Binance over four days.

The Ethereum position has a liquidation price of $3,946.19, according to Hyperscan data.

Abraxas also holds short positions in Bitcoin (CRYPTO:BTC), Hyperliquid (CRYPTO:HYPE) and Solana (CRYPTO:SOL).

Those positions were worth $95.31 million, $84.19 million and $23.97 million, respectively.

All four positions use 5x leverage, bringing Abraxas’ total short exposure to about $783 million.

The reason for the Binance withdrawals remains unclear, with the report saying they may support liquidity or risk management.

At the time of reporting, Ethereum price was $2,445.77.