$BTC Abraxas Capital’s bold bet against the crypto surge is underwater, with their two wallets on Hyperliquid racking up a hefty $131 million in floating losses from shorting $BTC, $ETH, $SOL, $SUI, $HYPE, and $FARTCOIN with 10x leverage.
Despite earlier wins, like a $112 million profit in June 2025 from similar shorts, the current market boom has flipped the script, punishing their bearish stance as prices climb.
What do you think—will Abraxas Capital cut their losses or double down on these shorts hoping for a market reversal?
{spot}(BTCUSDT)
SOL Token Surges 5% as US-Listed Staking ETF, Institutional Adoption, and Binance Initiatives Drive Momentum
Solana (SOLUSDT) has experienced a 5.26% price increase over the past 24 hours, currently trading at $173.13 on Binance, with a 24-hour open of $164.48. The positive price movement is attributed to several key developments: Binance’s launch of Sharia Earn, which includes SOL staking and exclusive campaigns, has increased user engagement; BIT Mining’s addition of SOL to its treasury signals growing institutional interest; and the launch of the first US-listed Solana staking ETF with an initial $20 million volume has further boosted sentiment. Additional momentum comes from ongoing discussions about Solana’s network tokenization, recent support for cryptocurrencies from public figures, and the introduction of multi-exchange liquid staking, which has heightened expectations for institutional adoption. Market activity remains robust, with 24-hour trading volumes ranging from $8.8 billion to $19 billion and Solana maintaining a market capitalization of approximately $92.6 billion, ranking it among the top cryptocurrencies.
$ETH /USDT Fresh Spot Setup 📈
Accumulation zone spotted between $3,410 $3,440 with upside potential intact. ETH is building strength for the next leg higher.
🎯 Targets:
• First Goal: $3,470
• Next: $3,530
• Extension: $3,600
📌 Midterm Levels:
• $3,800
• $4,000
Ideal for short-term momentum and midterm swing positioning.
{future}(ETHUSDT)