📈 Crypto Market Makers Are Profiting From Bitcoin’s Rally , Without Betting on Direction
As Bitcoin surged back above $80,000, major trading firms are taking advantage of a different opportunity: yield.
Firms like Abraxas Capital, Fasanara Capital, and Wintermute have built large short perpetual positions while holding spot crypto.
This strategy, known as cash-and-carry, works by:
🔹 Holding the asset in spot
🔹 Shorting an equivalent amount in perpetual futures
🔹 Collecting positive funding rates from leveraged longs
The goal isn't to predict whether BTC goes up or down , it's to generate relatively market-neutral yield.
With funding rates turning positive again after Bitcoin's recent rally, the basis trade is becoming attractive across BTC, ETH, and even SOL. 👀
#dyor #NFA✅
As Bitcoin surged back above $80,000, major trading firms are taking advantage of a different opportunity: yield.
Firms like Abraxas Capital, Fasanara Capital, and Wintermute have built large short perpetual positions while holding spot crypto.
This strategy, known as cash-and-carry, works by:
🔹 Holding the asset in spot
🔹 Shorting an equivalent amount in perpetual futures
🔹 Collecting positive funding rates from leveraged longs
The goal isn't to predict whether BTC goes up or down , it's to generate relatively market-neutral yield.
With funding rates turning positive again after Bitcoin's recent rally, the basis trade is becoming attractive across BTC, ETH, and even SOL. 👀
#dyor #NFA✅