$ETH Abraxas Capital Opens 783M Hyperliquid Shorts, Pulls 173M ETH Hedge
CoinGecko data shows abraxas Capital opened 783 million in short positions across Hyperliquid's perpetual order books on August 22 while moving 173 million in ETH out of staking contracts to back the trade.
Abraxas Capital opened 783 million in short positions across Hyperliquid's perpetual order books on August 22 while moving 173 million in ETH out of staking contracts…
CoinGecko data shows abraxas Capital opened 783 million in short positions across Hyperliquid's perpetual order books on August 22 while moving 173 million in ETH out of staking contracts to back the trade.
How the delta-neutral structure works The mechanism runs through Hyperliquid's cross-margin perpetual engine. Abraxas deposited the withdrawn ETH as collateral, then sold HYPE-PERP contracts at prevailing marks.
Watch $ETH for the next session - if this move holds, it changes the read.
$ETH #ETH #DeFi #CryptoNews
CoinGecko data shows abraxas Capital opened 783 million in short positions across Hyperliquid's perpetual order books on August 22 while moving 173 million in ETH out of staking contracts to back the trade.
Abraxas Capital opened 783 million in short positions across Hyperliquid's perpetual order books on August 22 while moving 173 million in ETH out of staking contracts…
CoinGecko data shows abraxas Capital opened 783 million in short positions across Hyperliquid's perpetual order books on August 22 while moving 173 million in ETH out of staking contracts to back the trade.
How the delta-neutral structure works The mechanism runs through Hyperliquid's cross-margin perpetual engine. Abraxas deposited the withdrawn ETH as collateral, then sold HYPE-PERP contracts at prevailing marks.
Watch $ETH for the next session - if this move holds, it changes the read.
$ETH #ETH #DeFi #CryptoNews