BTC above $80K. ETH above $2.5K.
And some of the biggest shorts are getting crushed. Abraxas Capital's linked wallets are now sitting on >$114M in unrealized losses across BTC, ETH, SOL and HYPE shorts. One ETH short alone: -$22M. But the more interesting signal is the behavior. Abraxas is still adding.
No meaningful exits. No visible stop-out. Meanwhile, BobbyBigSize has started cutting risk: • $7.83M realized losses
• Still short 27,241 ETH
• Unrealized loss: ~$14.7M Same market.
Very different response. When the squeeze gets this expensive, positioning behavior matters more than the headline PnL. Data: AiCoin
Not financial advice. #Bitcoin #Ethereum #Hyperliquid #SmartMoney(AiCoin)