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