From a positioning perspective:
“After $428.56 million in cumulative profits, Abraxas Capital’s two Hyperliquid hedge accounts still hold $1.05 billion in short positions.”
After this news came out, I only ask three questions about capital flows:
1. Is aggressive trading net buying or net selling?
2. Can trading volume at $BTC ($786 million over 24 hours) continue to grow?
3. Are whales making large withdrawals from trading platforms?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
Rather than guess how the news will affect the market, watch how the price moves.
#BTC
Personal notes, not investment advice.
“After $428.56 million in cumulative profits, Abraxas Capital’s two Hyperliquid hedge accounts still hold $1.05 billion in short positions.”
After this news came out, I only ask three questions about capital flows:
1. Is aggressive trading net buying or net selling?
2. Can trading volume at $BTC ($786 million over 24 hours) continue to grow?
3. Are whales making large withdrawals from trading platforms?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
Rather than guess how the news will affect the market, watch how the price moves.
#BTC
Personal notes, not investment advice.
