Bitcoin News Update: Abraxas's $1.24 Billion Bitcoin Short Position Indicates Negative Market Sentiment
- Abraxas Capital boosted Bitcoin and Ethereum short positions to $1.24B, signaling bearish crypto market expectations. - The firm expanded HYPE token shorts by 90% and transferred $100M to Binance, showcasing liquidity flexibility. - Analysts warn Abraxas' $640M total short exposure could amplify price declines if key support levels break.
Abraxas Capital, a major force in the crypto derivatives sector, has notably increased its short bets on
There has been a marked change in the firm’s approach in recent weeks. Short positions in Ethereum have increased from $192 million to $226 million, while Bitcoin shorts have gone up from $109 million to $124 million. Furthermore, Abraxas Capital has grown its short exposure to HYPE—the native token of Hyperliquid—from $51.43 million to $97.40 million, based on LookOnChain data. These moves represent a strategic wager against prevailing crypto price trends, utilizing both well-known and newer digital assets.
The company’s assertive trading has also led to substantial fund transfers. In the past week, one of Abraxas Capital’s sub-addresses closed out profitable trades in several currencies and withdrew nearly $100 million. A portion of these funds was sent to a Binance hot wallet, leaving the sub-address with a nominal value of $67.75 million, as per the same LookOnChain feed. This demonstrates the firm’s liquidity agility and its capacity to seize trading opportunities across different platforms.
Current market conditions point to a tough landscape for crypto bulls. At the same time, the energy and utilities industries have experienced varied developments, with U.S. nuclear financing agreements and oil price swings making headlines, as covered in
Experts warn that such significant short activity could intensify downward momentum for Bitcoin and Ethereum if bearish sentiment deepens. “The magnitude of Abraxas’ positions shows a strong conviction in their trade,” commented one derivatives analyst. “Should prices fall below critical support, their approach could accelerate market declines.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta's introduction of AI-powered advertisements ignites a discussion on privacy concerns versus technological advancement as their launch approaches
- Meta will launch AI-driven hyper-targeted ads using first-party data from chat interactions starting Dec 16, 2025. - The strategy excludes sensitive topics and complies with GDPR in the EU, but U.S. users lack opt-out options, raising privacy concerns. - Experts warn of data collection incentives and potential industry shifts toward stricter privacy frameworks. - Meta's approach aims to boost engagement and advertiser ROI while competing in the AI-advertising landscape.

Bitcoin News Update: Federal Reserve Shifts Course—Crypto Markets Brace for Critical Volatility Challenge
- The Fed's Oct 29 rate cut decision (25bps expected) drives crypto volatility, with markets pricing 96.7% cut probability and anticipating 2026 policy clues from Powell's remarks. - Bitcoin hovers near $113k-$115k, poised for $104k or $120k swings based on Fed stance, while $358M short liquidations highlight "buy the dip" potential post-announcement. - U.S.-China trade summit adds uncertainty; BTC briefly reclaimed $116k on improved relations but retreated as institutional demand waned, with $114k support

Can Artificial Intelligence Rival Human Intuition in Managing Air Traffic?
- Thrust Flight CEO Patrick Arnzen argues AI cannot fully replace human judgment in air traffic control, emphasizing years of training and adaptability critical for safety. - Recent safety incidents and aging infrastructure have intensified debates over AI adoption, with startups like NoamAI advocating automation to address staffing shortages. - The UK is modernizing airspace design to reduce delays, but Arnzen highlights regulatory hurdles, outdated systems, and high costs as barriers to AI implementation

Bitcoin vs. history: BTC price teases 7% gains as 'golden week' ends