#BTCvsETH โ๏ธ Long vs Short: The Crypto Battle Heats Up ๐ฅ
๐จ Abraxas Capital just went all-in on shorting โ
๐ Increased ETH & BTC short positions 10x!
โข $345M short on BTC
โข $291M short on ETH
๐ But they're already down $82.64M ๐ฌ
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. ๐ฒ
On the flip sideโฆ
๐ A whale just locked in $73.66M profit from long positions โ showing bulls still dominate.
๐ With this tug-of-war, expect BTC & ETH volatility to spike hard in the short term!
๐ My view:
If ETH breaks $3987, shorts could face massive liquidation โ ๏ธ
๐ Stay alert for large on-chain transfers
๐ฏ Be ready โ a bottom-fishing opportunity might just be around the corner! #BTCvsETH