Cryptocurrency news: Investor Abraxas Capital reaps nearly $80 million in unrealized profits
Analysis of short strategies to maximize profits
According to the latest report from The Data Nerd on June 23, two wallets of the cryptocurrency investment fund Abraxas Capital have generated a total unrealized profit of approximately $79.92 million. This achievement comes from opening short positions on leading coins such as BTC, ETH, HYPE, SUI, and SOL. These short strategies reflect the ability to capitalize on the price declines in the cryptocurrency market, allowing the fund to profit from sharp drops. Professional traders using high leverage can significantly increase profits in a prolonged bearish environment.
Details of major cryptocurrencies and market trends
Among these short positions, Bitcoin (BTC) continues to be the primary target due to its leading liquidity and market capitalization. Ethereum (ETH) also shows significant interest from traders, especially as the network rolls out upgrades under the EIP-1559 standard. Additionally, altcoins like HYPE, SUI, and SOL are prominent in the short strategy portfolio, reflecting a trend of capitalizing on sharp declines to maximize potential profits. The cryptocurrency market is witnessing strong restructuring, encouraging traders to actively engage in short positions to hedge risks and expand profits.
The next trend of cryptocurrency investors
With such significant profits, short strategies are clearly showing effectiveness in unpredictable volatility conditions. Investors may consider closely monitoring capital flows, predicting major corrections in the market, while using technical analysis techniques and on-chain data to identify optimal entry points. Notably, the interest of large funds like Abraxas Capital indicates the potential for accumulating windfall profits during sharp declines, opening new opportunities for traders with the right strategy. The cryptocurrency market is becoming increasingly complex, yet full of opportunities for those who understand the flow of 'decentralized digital.'
Source: https://tintucbitcoin.com/abraxas-capital-lai-799-trieu-usd-tu-short-5-token/
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