An astronomical bet on the market crash was discovered by the Abraxas Capital fund – SHORT positions on BTC, ETH, SOL, HYPE, and SUI are active for $800,000,000 with 5-10x leverage…

Floating loss = $106,300,000

That’s a massive and highly leveraged bet.

Key Takeaways:

• Fund: Abraxas Capital

• Position: Short on major crypto assets — BTC, ETH, SOL, HYPE, SUI

• Total Size: $800 million

• Leverage: 5x to 10x

• Current Floating Loss: $106.3 million

What This Means:

1. High Risk Exposure:

At 5-10x leverage, they only put down $80M–$160M in capital. A floating loss of over $106M could mean a margin call is approaching, depending on exact entry prices and leverage tiers.

2. Bearish Bet:

They’re betting heavily on a crypto market crash. If prices continue to rise, their positions risk liquidation.

3. Market Impact Possibility:

If these positions start closing (forced or voluntary), it could fuel further upside, especially in altcoins like SOL, HYPE, and SUI — short squeezes become very real.

Strategic Insights:

• If you’re bullish, this kind of overleveraged short exposure may actually support upward momentum — the bigger the short, the bigger the squeeze.

• If you’re hedging, keep an eye on volatility — any major drop could trigger liquidation in your favor, but if this fund gets liquidated instead, the upside could be explosive.

#BNBATH #short #short_sell #CryptoNewss #MarketUpdate $BTC $ETH $SOL

Dyor NFA