Abraxas Capital has surpassed $9.8 billion in cumulative trading volume on Hyperliquid, with its peak short notional reaching $1.57 billion.
Put simply, it uses USDC as collateral to borrow coins and hedge with shorts, earning over $66 million in funding fees over six months.
The bullish case: $HYPE holds the 80 level, AQAv2 yields are realized, and trading volume absorbs selling pressure. The bearish case: funding rates turn negative and institutions reduce their positions, making the strategy unworkable.
Do you think this market-neutral institutional strategy can work? You can still practice and test it in the Binance Alpha DNA Trading Competition.
Do you think this institutional inflow rally around $HYPE can last more than a week? Reply 1 if you think it can, or 2 if you think it can't.
#Write2Earn #BinanceSquare #HYPE Futures #TradingTournament
Put simply, it uses USDC as collateral to borrow coins and hedge with shorts, earning over $66 million in funding fees over six months.
The bullish case: $HYPE holds the 80 level, AQAv2 yields are realized, and trading volume absorbs selling pressure. The bearish case: funding rates turn negative and institutions reduce their positions, making the strategy unworkable.
Do you think this market-neutral institutional strategy can work? You can still practice and test it in the Binance Alpha DNA Trading Competition.
Do you think this institutional inflow rally around $HYPE can last more than a week? Reply 1 if you think it can, or 2 if you think it can't.
#Write2Earn #BinanceSquare #HYPE Futures #TradingTournament