Abraxas Capital has taken a large $783 million short position on Hyperliquid, a decentralized futures exchange, even as Bitcoin surged 23% in one week to about $77,500, its strongest rally since March 2023. The firm also hedged this position by withdrawing 73,872 ETH from Binance, reflecting a market-neutral strategy rather than a simple bet against Bitcoin's price. Despite billions in short liquidations across the crypto market, major players like Abraxas, Fasanara Capital, and Wintermute maintain significant short exposures. The rally is supported by factors including U.S. Treasury bond buybacks, potential passage of the CLARITY Act, and strong inflows into Bitcoin ETFs, suggesting continued volatility and strategic positioning ahead.
Bitcoin closed above its 50-week exponential moving average (EMA) for the first time since November 2025, signaling a possible medium-term trend reversal. This technical move comes as markets prepare for the Federal Reserve's Jackson Hole symposium, ...
Cryptocurrency prices are fluctuating with Bitcoin trading around $77,566, up by 0.98%. Ethereum and Binance Coin also saw modest gains, while some altcoins like Morpho and MNT experienced significant increases of over 10%. This mixed performance ref...
US-listed crypto ETFs excluding Bitcoin and Ethereum attracted nearly $90 million last week, driven by strong inflows into XRP and Solana funds. XRP funds led with $39.78 million, marking their best week since May and extending a six-week streak of g...
Michael Saylor, a prominent Bitcoin advocate, advises investors to adopt a billionaire mindset by purchasing Bitcoin, citing its alignment with the Bernard Arnault test which identifies assets likely to remain desirable over time. He emphasizes Bitco...
Ethereum's price rose 29.3% over seven days, surpassing Bitcoin's 21.4% gain, driven by increased institutional interest and ETF inflows. Fundstrat's Tom Lee predicts Ethereum could reach $10,000 within two years, citing its growing role in tokenizat...
