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Three firms hold $603M short on Bitcoin and Ethereum despite $4B short liquidations amid price rally.

Market News
24 Aug 2026, 13:48 WIB
Crypto Briefing
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Neutral
Three firms hold $603M short on Bitcoin and Ethereum despite $4B short liquidations amid price rally.

Three institutional trading firms—Abraxas Capital, Fasanara Capital, and Wintermute—maintain about $603 million in combined short positions on Bitcoin and Ethereum on the decentralized exchange Hyperliquid, even as Bitcoin surged past $70,000 and over $4 billion in crypto shorts were liquidated. Their shorts, totaling roughly 3,425 BTC and 138,569 ETH, have unrealized losses of around $75 million, suggesting a deliberate bearish bet or hedging strategy amid a strong rally driven by macroeconomic factors. The visible on-chain positions allow the market to monitor potential liquidations in real time, highlighting mixed institutional sentiment despite widespread short liquidations elsewhere.

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