The crypto fund Abraxas Capital has bet $800,000,000 on a market decline, shorting #BTC , #ETH , #SOL , and #HYPE with a leverage of 5x–10x
However, the market is rising, and the fund's floating losses have already exceeded $100 million. Liquidation of the position in BTC will occur at a price of $156,000.
Good fuel for growth 😂