On-chain data indicates that Abraxas Capital significantly increased its short orders on Bitcoin and Ethereum, building combined BTC and ETH short positions worth approximately $111 million. The move was flagged by on-chain tracking that showed short orders rising sharply across both assets. The reported combined value of the fresh positioning is approximately $111 million in BTC and ETH shorts. For related coverage, see Abraxas Capital Leverages Short Positions on BTC, ETH, SOL.