3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally
Abraxas Capital, Fasanara Capital, and Wintermute nonetheless maintain over $600 million in brief positions in Bitcoin (BTC) and Ethereum (ETH). Blockchain tracker Lookonchain recognized the positions as market maker hedging accounts. Their liquidation costs sit far above present market ranges. Liquidation Prices Sit Far Above Spot The crypto market rally, fueled by coverage strikes, triggered…
