THIS MEGA FUND IS SHORTING $200M+ OF BITCOIN
Abraxas Capital (AUM: $3.6 Billion) lost $14.5M in PnL on their BTC short position in the past day.
Abraxas Capital is still short over $450M of crypto at this address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060

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Techub News reports that according to The Data Nerd's monitoring, Abraxas Capital currently has approximately $79.92 million in unrealized gains from short positions on Bitcoin, Ethereum, SOL, SUI, and HYPE on HyperLiquid.

Abraxas Capital's short position in HyperLiquid currently has a floating profit of approximately $79.92 million

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Chatting with different types of friends in the circle, I discovered an interesting phenomenon...
It seems that only "Holder" is extremely pessimistic about the current market environment, while most Traders do not think so.
My pinned post revealed the "four parallel cycles and four different strategies" that exist simultaneously. Clearly, Traders who embrace new rules have become winners, while Holders who stick to old experiences have become cannon fodder?
In essence: The "survival rules" of this bull market have completely changed: 🧵
In the last cycle, the market still had a group hierarchy of Holders, Traders, and Builders, and everyone...

The bull market's "rules of survival" have completely changed. These 4 points will reshape your understanding of the Crypto market!

Can bulls maintain rate of Bitcoin (BTC) above $100,000 until end of month?

Bitcoin (BTC) Price Prediction for June 23

Track Abraxas Capital on Arkham:
https://intel.arkm.com/explorer/entity/abraxas-capital-heka-funds…

Register for the Arkham Exchange:
https://auth.arkm.com/register
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