Abraxas Capital has built up to $1.57 billion in notional short positions on Hyperliquid, using this strategy to hedge its crypto holdings and earn funding payments. The firm’s two accounts have generated $9.8 billion in trading volume and received over $66 million in funding since starting in February 2025. Their short positions peaked in October 2025, representing about 10% of Hyperliquid’s open interest, primarily in Ether and Bitcoin. After funding rates fell, Abraxas reduced exposure but has since expanded activity again, currently holding $365 million in various tokens and stablecoins on Hyperliquid, which could support future token buybacks under Hyperliquid’s yield mechanism.
Bitcoin’s market cap stands at Rp30.161,56 trillion as of Oct 21, 2026, 17:41 WIB, highlighting its dominant position in the crypto market. On Pluang, Bitcoin trades at Rp1.500.085.544 with a 1-day gain of 2.14%, while trading volume remains robust at Rp480 trillion. This strong market activity provides context for Abraxas Capital’s significant short positions on Hyperliquid, which involve Bitcoin and Ether among other tokens.
Zcash (ZEC) has surged into the top 10 cryptocurrencies by market capitalization, reaching about $21.4 billion, driven by a 2,076% gain since early 2025 and a recent price jump after Grayscale launched a spot ZEC ETF. Alongside Zcash, privacy coin Mo...
Bitcoin is trading around $82,000 to $83,000 after falling from highs above $87,000, with analysis showing similar weakness in the S&P 500. Rising U.S. Treasury yields and fading momentum in both markets echo past periods that led to deeper correctio...
On October 20, Dogecoin (DOGE) recorded the largest 24-hour increase in open interest among five major cryptocurrencies, rising 6.89% to $226.9 million. Meanwhile, Bitcoin (BTC) led the group in funding rates at 0.0085% per eight hours, or 9.3% annua...
Bitcoin's price on Binance spot crossed the $83,000 mark, reaching $83,049 at 6:05 p.m. ET on October 20. This represented a $119 increase within 15 minutes from an earlier price of $82,930. The rise highlights Bitcoin's ongoing market strength as th...
Bitcoin recovered to around $83,150 on October 21, approaching but not surpassing its September peak of $87,392. The price outlook for November hinges on the Federal Reserve's October 28 policy decision and whether U.S. spot Bitcoin funds continue to...
