Two large Hyperliquid wallets linked to Abraxas Capital Management hold a combined $1.58 billion net short position across major cryptocurrencies, including 189,400 ETH and 5,120 BTC. Despite a current paper loss of about $114.5 million, these wallets have significant assets backing their trades. The short positions may represent hedging strategies rather than outright bets on a market decline. Market watchers are closely observing these large positions as they could influence market sentiment, though the true intent behind them remains unclear.
Bitcoin and Ethereum are trading lower on Pluang as of Oct 07, 2026 03:27 WIB, with BTC down 0.10% at Rp1.532.367.802 and ETH down 0.61% at Rp48.174.263. Pluang order activity shows 53% of BTC trades are sells, while ETH sees 75% sells, indicating cautious sentiment. Typical holding times are 111 days for BTC and 107 days for ETH, reflecting medium-term investor behavior.
Grayscale's analysis reveals that Bitcoin's impressive 225% return over three years drops to just 95% without its five best days, 27% without the top 10, and turns into an 11% loss when excluding the 15 strongest trading days. This highlights the ris...
Bitcoin surged above $86,000 twice on Tuesday, driven by momentum from the Commodity Futures Trading Commission's proposed crypto regulations and a recent SEC proposal on crypto custody. After a midday sell-off, bitcoin rallied to a peak of $86,450 b...
Zcash and Monero were the top-performing large cryptocurrencies over 24 hours, with Zcash up 3% and Monero 2.14%, while Bitcoin and Ethereum rose only slightly by 0.59% and 0.34% respectively. The crypto market remains largely flat, influenced by the...
Wintermute reports that the cryptocurrency bull cycle is still in its early stages, despite recent pauses in top altcoins like NEAR, XRP, and ARB. Bitcoin remains strong, holding key support levels and showing potential for further gains, though infl...
Bitcoin's price is trading near $86,256, approaching a strong resistance zone between $87,000 and $87,374. The technical outlook remains bullish with 13 moving averages supporting the uptrend, but some short-term caution arises from neutral oscillato...
