🚨 WHALE ALERT $BTC
/$ETH
Abraxas Capital is reportedly holding around $783M in short exposure on Hyperliquid, while simultaneously withdrawing 73,872 $ETH worth ~$173.17M from Binance as a hedge.
🐋 Shorts: ~$783M
💰 ETH withdrawn: ~$173.17M
📉 BTC + ETH + HYPE + SOL shorts
This looks more like a hedged/funding strategy than a simple directional bet. The key is whether these shorts continue increasing or start getting closed.
⚠️ Watch BTC and ETH closely — whale positioning could bring volatility.
#BTC #ETH #CryptoTrading #WhaleAlert
/$ETH
Abraxas Capital is reportedly holding around $783M in short exposure on Hyperliquid, while simultaneously withdrawing 73,872 $ETH worth ~$173.17M from Binance as a hedge.
🐋 Shorts: ~$783M
💰 ETH withdrawn: ~$173.17M
📉 BTC + ETH + HYPE + SOL shorts
This looks more like a hedged/funding strategy than a simple directional bet. The key is whether these shorts continue increasing or start getting closed.
⚠️ Watch BTC and ETH closely — whale positioning could bring volatility.
#BTC #ETH #CryptoTrading #WhaleAlert
