🔥 Hot! Discovery that Abraxas Capital has just opened short positions $BTC , $ETH , and $SOL .
⏰ In the last 2 hours, Abraxas's wallet address has withdrawn an additional 11 million USDC from exchange #Binance and transferred to Hyperliquid.
They have opened 3 positions #short as follows:
Short BTC 10x: Value 158 million USD | Entry: 103,985 | Liquidation Price: 144,080
Short ETH 10x: Value 71.5 million USD | Entry: 2,534 | Liquidation Price: 4,515
Short SOL 10x: Value 60.8 million USD | Entry: 175 | Liquidation Price: 318
Are they implementing a Short Hedging strategy?
