#BTCvsETH Long vs Short: The Crypto Battle Heats Up 💥
🚨 Abraxas Capital just went all-in on shorting —
📉 Increased ETH & BTC short positions 10x!
• $345M short on BTC
• $291M short on ETH
📉 But they're already down $82.64M 😬
While institutions are flooding ETH ETFs, Abraxas is fighting the trend, likely betting on short-term ETF volatility. This feels more like a high-stakes gamble than a strategy. 🎲
On the flip side…
🐋 A whale just locked in $73.66M profit from long positions — showing bulls still dominate.
🚀 With this tug-of-war, expect BTC & ETH volatility to spike hard in the short term!
📌 My view:
If ETH breaks $3987, shorts could face massive liquidation ⚠️