According to CoinMeta, smart money data shows that as BTC and ETH continue to rise, the losses of two short positions under the hedge fund Abraxas Capital have further expanded. The two addresses hold a total of 3,475.11 BTC in short positions, valued at approximately $291 million, with a floating loss of $40.2887 million. Among them, address 0x5b5d…c060 holds 2,110.66 BTC, with a floating loss of $23.3194 million; address 0xb83d…6e36 holds 1,364.45 BTC, with a floating loss of $16.9693 million. The losses from the ETH short positions are even higher; the two addresses hold a total of 174,700 ETH, valued at about $473 million, with a floating loss of $70.7336 million.