Big Win for the Bulls –

This massive $190M unrealized loss on Abraxas Capital’s shorts shows just how strong the current bullish momentum is.

Multi-Coin Rally –

With $ETH , $BTC , $SOL , #HYPE , and #SUI all surging together, the market is clearly in a united upward trend.

Short Squeeze Fuel –

These losses could spark even more buying pressure if shorts are forced to cover, potentially driving prices to new highs.

Confidence Boost –

Seeing big funds on the wrong side of the trade gives retail and long-term holders more conviction in the bull case.