Big Shorts, Small Risks? Not All Whale Moves Are What They Seem
Over the past 24 hours, two massive short positions on BTC, ETH, and SOL caught the crypto community’s eye—totaling 337 million yuan (~$46.6M) in value.
At first glance, it looked like two more "big gamblers" had entered the arena. But there’s more than meets the eye.
The two addresses—0x5b5d...8c060 and 0xB83D...D6E36—opened 5x and 3x short positions respectively. While the position sizes are massive, the leverage is low and the margin is deep—a classic institutional play.
And that’s exactly who they are: both addresses belong to Abraxas Capital, a London-based asset management firm known for strategic, hedged positions. In this case, they recently bought large amounts of ETH and simultaneously opened shorts on Hyperliquid to collect funding fees—a market-neutral strategy rather than a bearish bet.
Why This Matters for Traders
Many retail traders messaged, asking: “Why not post this massive short?” The answer: context is everything.
This isn’t a high-risk directional bet—it’s a structured institutional play, not directly comparable to retail speculation. Highlighting such moves without context could mislead average traders into thinking there’s a market-wide bearish signal.
Remember, there’s only one “Hyperliquid’s high win rate brother” who banked $21.12M+ in profits with wild, high-leverage trades.
Before jumping to conclusions, always ask:
Who owns the wallet?
What’s the strategy behind the move?
Is this trade relevant to my level of risk and capital?
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{future}(INITUSDT)
$INIT
**INIT/TetherUS**, here's the support and resistance analysis along with potential Stop Loss (SL) and Take Profit (TP) levels:
---
### **Key Levels**
1. **Current Price**: 0.9197 (+2.51%)
2. **Immediate Resistance**:
- **0.9199** (BUY wall with 1.3000 volume)
- **1.0000** (psychological level)
- **1.0500** (next resistance)
3. **Immediate Support**:
- **0.9198** (SELL wall with minimal volume)
- **0.9197** (current price)
- **0.8920** (marked as "Low")
- **0.8500** (strong support zone)
---
### **Stop Loss (SL) Suggestions**
- **Aggressive SL**: Below **0.9197** (just under current price).
- **Conservative SL**: Below **0.8920** (confirmed "Low" level).
--
### **Take Profit (TP) Targets**
1. **Short-term TP**:
- **0.9199** (scalp the BUY wall).
- **1.0000** (psychological resistance).
2. **Mid-term TP**:
- **1.0500** (next resistance).
- **1.1000** (if momentum continues).
---
### **Additional Notes**
- The **Area of Interest** is marked near **0.6** and **0.5**, suggesting potential reversal zones.
- **I-BoS** (likely "Imbalance of Supply") appears at **1.2000** and **0.9199**, indicating key liquidity areas.
**Trade Idea**:
- **Long** if price holds above **0.9197**, targeting **1.0000** (SL: 0.8920).
- **Short** if price breaks **0.8920**, targeting **0.8500** (SL: 0.9199).
Good morning fam ❤️
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🔔 The United States cut tariffs on Chinese goods from 145% to 30% for 90 days and China also lowered tariffs on the US from 125% to 10% for 90 days.
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🔔 🇦🇪 Abu Dhabi's Sovereign Wealth Fund disclosed a $408 million investment in BlackRock's spot Bitcoin ETF.
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🔔 🇷🇺 Russia’s central bank has reported that Bitcoin is a top-performing asset in 2025.
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🔔 JPMorgan has officially settled its public transaction of tokenized treasuries.
🔔 🇦🇪 Dubai partnered with Crypto․com to accept crypto for government services.
🔔 Coinbase will Join the S&P 500 on May 19.