3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally

Crypto Insight Summary: 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 Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large short positions remain, but liquidation levels are safe for now.