#比特币三度受阻8.7万美元
Two whale accounts are betting big in the same direction, holding $1.58 billion in shorts—but Bitcoin is stuck just below $87,000 🐋
📈 进群看今日思路
On the afternoon of October 6, on-chain monitors showed that two linked Hyperliquid wallets held a combined net short position worth around $1.58 billion, targeting Bitcoin and Ethereum. Their shorts included 189,400 ETH and 5,120 BTC, worth about $948 million combined.
Even more intriguing is who’s behind them. On-chain analytics platforms Nansen and Arkham have both labeled the addresses as belonging to Abraxas Capital Management, a London-based investment firm managing billions of dollars in assets. Its fund is called Heka Funds.
Interestingly, both short positions are currently underwater, with combined unrealized losses of about $115 million. But the wallets have plenty of assets to back them up, including millions of dollars in recent deposits. In other words, they can afford to take the hit.
Besides Bitcoin and Ethereum, the wallets are also short SOL, HYPE, ENA, XRP, SUI, and PUMP—almost a ready-made list of bearish bets.
My take: don’t rush to treat whales as oracles. On-chain data is public, and whales know better than anyone that everyone is watching them. Visible positions like these can easily sway retail sentiment. Plus, many institutions short as a hedge, and their spot long positions may have already offset the shorts. Short positions alone don’t prove that they’re truly bearish on the broader market.
What’s worth watching is that Bitcoin climbed above $86,000 twice on Tuesday but still couldn’t break $87,000. That’s the third time it’s been turned back ⚠️ On one side, whales are adding to their shorts; on the other, Bitcoin is holding on to its October gains. With the price around $85,600, we’ll soon see who blinks first in this standoff.
Do you think the bears will win this round, or will they be forced to close their positions in a short squeeze? Let’s talk in the comments 🦖
Tap the profile picture to watch the livestream
Every day, we bring you the latest on Bitcoin, whale activity, and market trends. We don’t just tell you what’s happening—we help you understand the logic and opportunities behind it 👀🚀
Two whale accounts are betting big in the same direction, holding $1.58 billion in shorts—but Bitcoin is stuck just below $87,000 🐋
📈 进群看今日思路
On the afternoon of October 6, on-chain monitors showed that two linked Hyperliquid wallets held a combined net short position worth around $1.58 billion, targeting Bitcoin and Ethereum. Their shorts included 189,400 ETH and 5,120 BTC, worth about $948 million combined.
Even more intriguing is who’s behind them. On-chain analytics platforms Nansen and Arkham have both labeled the addresses as belonging to Abraxas Capital Management, a London-based investment firm managing billions of dollars in assets. Its fund is called Heka Funds.
Interestingly, both short positions are currently underwater, with combined unrealized losses of about $115 million. But the wallets have plenty of assets to back them up, including millions of dollars in recent deposits. In other words, they can afford to take the hit.
Besides Bitcoin and Ethereum, the wallets are also short SOL, HYPE, ENA, XRP, SUI, and PUMP—almost a ready-made list of bearish bets.
My take: don’t rush to treat whales as oracles. On-chain data is public, and whales know better than anyone that everyone is watching them. Visible positions like these can easily sway retail sentiment. Plus, many institutions short as a hedge, and their spot long positions may have already offset the shorts. Short positions alone don’t prove that they’re truly bearish on the broader market.
What’s worth watching is that Bitcoin climbed above $86,000 twice on Tuesday but still couldn’t break $87,000. That’s the third time it’s been turned back ⚠️ On one side, whales are adding to their shorts; on the other, Bitcoin is holding on to its October gains. With the price around $85,600, we’ll soon see who blinks first in this standoff.
Do you think the bears will win this round, or will they be forced to close their positions in a short squeeze? Let’s talk in the comments 🦖
Tap the profile picture to watch the livestream
Every day, we bring you the latest on Bitcoin, whale activity, and market trends. We don’t just tell you what’s happening—we help you understand the logic and opportunities behind it 👀🚀
