2 sourcesTracking since 24 Aug, 10:31
3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally
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- First seen24 Aug, 10:31
3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally
Abraxas Capital, Fasanara Capital, and Wintermute still hold over $600 million in short positions in Bitcoin (BTC) and Ethereum (ETH). Blockchain tracker Lookonchain identified the positions as market maker hedging accounts. Their liquidation prices sit far above current market levels. Liquidation Prices Sit Far Above Spot The crypto market rally, fueled by policy moves, triggered
BeInCrypto•Kamina Bashir
Latest24 Aug, 10:48Trading firms maintain short positions on Bitcoin, Ethereum amid price rally
Institutional short positions amid a crypto rally highlight market divergence, potentially influencing future volatility and trading strategies.
CryptoBriefing•Editorial Team
