Abraxas Capital increases 10x leveraged short positions in BTC and ETH, with unrealized losses of $7.94 million in BTC and ETH positions
According to Onchain Lens monitoring, Abraxas Capital continues to increase its short positions in BTC and ETH with 10x leverage. In the BTC position, they are facing an unrealized loss of $5.91 million, and in the ETH position, they are facing a loss of $2.03 million. They also hold a 10x short position in SOL, with an unrealized profit of $1.3 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETFs end two weeks of outflows

Worst-Performing Altcoins This Week as BTC Battles to Hold $80K: Weekend Watch

Goldman Sachs dramatically lowers KOSPI target from 12,000 to 9,000 points, still insists there is 60% upside potential
Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.

