Capital’s aggressive short positions on $BTC
, $ETH
and $SOL
have backfired — big time.
According to Lookonchain, their hedging strategy to offset spot exposure has racked up floating losses exceeding $107 million, as crypto prices soar.
While the market celebrates new highs, Abraxas faces mounting pressure and potential liquidation risk if this rally extends.
This is what happens when the market outpaces the hedge.
