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Ethereum Jumps as Abraxas Capital Buys $40M in Spot ETH

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The Story

News Summary

  • Abraxas Capital boosted its Ethereum spot holdings by 16,554 ETH ($39.8 million) in the past 12 hours.
  • Meanwhile, the firm maintains $291.4 million in ETH short positions across Hyperliquid hedging accounts as ETHUSD gains 4.54%.
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ETHUSD price history

2404.62 +22.37% over the displayed period

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