🚨 SHORT SQUEEZE FRENZY UNFOLDING 🚨
Abraxas Capital’s massive short positions on $ETH, $BTC, $SOL, $HYPE, and $SUI are bleeding out — over $190M in unrealized losses and counting!
They’re sitting on 113,819 $ETH shorts worth $483M, already down $144M+ alone.
Meanwhile, Bitcoin just ripped to $118,000, triggering waves of liquidations and forcing shorts into panic mode.
🔥 When whales get squeezed, markets explode. This could be the ignition for SOL and ETH to break into uncharted territory as forced buybacks fuel the rally.
Bulls are in full control — the squeeze is ON.
DYOR.
source: lookonchain
