Woofun AI data shows Abraxas Capital maintains a $3.51 million short position on GOLD with 5x leverage, held for 144 days. The strategy generated $359,000 in funding rate settlements, equating to a 10.2% return on principal and an annualized yield of 25.9%. On-chain analysis reveals whale short positions totaling $39.3 million, which is 1.56 times the $25.2 million in long positions. Excluding large holders, positive funding rates indicate a broader market long bias, sustaining fee income for hedging strategies.