Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin News Update: Abraxas's $1.24 Billion Bitcoin Short Position Indicates Negative Market Sentiment

Bitcoin News Update: Abraxas's $1.24 Billion Bitcoin Short Position Indicates Negative Market Sentiment

Bitget-RWA2025/10/29 06:50
By:Bitget-RWA

- Abraxas Capital boosted Bitcoin and Ethereum short positions to $1.24B, signaling bearish crypto market expectations. - The firm expanded HYPE token shorts by 90% and transferred $100M to Binance, showcasing liquidity flexibility. - Analysts warn Abraxas' $640M total short exposure could amplify price declines if key support levels break.

Abraxas Capital, a major force in the crypto derivatives sector, has notably increased its short bets on

and , indicating a pessimistic stance toward the cryptocurrency market. Data tracked by HyperInsight reveals that the company’s two main wallets (0x5b5 and 0xb83) recently boosted their Bitcoin short positions by about $7 million at a price point of $116,000, pushing the overall nominal value of their Hyperliquid positions to roughly $1.24 billion, as reported by the . This move aligns with a wider uptick in bearish sentiment, with Abraxas Capital’s total short exposure climbing by $200 million to $640 million across both primary and subsidiary addresses, according to .

There has been a marked change in the firm’s approach in recent weeks. Short positions in Ethereum have increased from $192 million to $226 million, while Bitcoin shorts have gone up from $109 million to $124 million. Furthermore, Abraxas Capital has grown its short exposure to HYPE—the native token of Hyperliquid—from $51.43 million to $97.40 million, based on LookOnChain data. These moves represent a strategic wager against prevailing crypto price trends, utilizing both well-known and newer digital assets.

Bitcoin News Update: Abraxas's $1.24 Billion Bitcoin Short Position Indicates Negative Market Sentiment image 0

The company’s assertive trading has also led to substantial fund transfers. In the past week, one of Abraxas Capital’s sub-addresses closed out profitable trades in several currencies and withdrew nearly $100 million. A portion of these funds was sent to a Binance hot wallet, leaving the sub-address with a nominal value of $67.75 million, as per the same LookOnChain feed. This demonstrates the firm’s liquidity agility and its capacity to seize trading opportunities across different platforms.

Current market conditions point to a tough landscape for crypto bulls. At the same time, the energy and utilities industries have experienced varied developments, with U.S. nuclear financing agreements and oil price swings making headlines, as covered in

. Nonetheless, Abraxas Capital’s recent maneuvers underscore its intent to profit from short-term volatility in digital assets, especially as its total assets on Hyperliquid have jumped from $440 million to $480 million within a week, according to The BlockBeats flash.

Experts warn that such significant short activity could intensify downward momentum for Bitcoin and Ethereum if bearish sentiment deepens. “The magnitude of Abraxas’ positions shows a strong conviction in their trade,” commented one derivatives analyst. “Should prices fall below critical support, their approach could accelerate market declines.”

0
0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Rise of CFTC-Regulated Clean Energy Markets: Opening a New Chapter for Institutional Investors

- CFTC's 2025 approval of REsurety's CleanTrade as a SEF marks a landmark shift in clean energy markets by introducing standardized, transparent trading for VPPAs and RECs. - The platform attracted $16B in notional value within two months, enabling rapid institutional-grade transactions that previously took months to negotiate. - By addressing liquidity gaps and enabling precise risk modeling, CleanTrade is accelerating capital flows into decarbonization while bridging ESG investment gaps for institutional

Bitget-RWA2025/12/16 04:44
The Rise of CFTC-Regulated Clean Energy Markets: Opening a New Chapter for Institutional Investors

The Increasing Overlap Between Health and Financial Wellbeing in Managing Personal Finances

- Global wellness economy to hit $9 trillion by 2028, driven by holistic well-being trends. - Millennials/Gen Z prioritize wellness as lifestyle, with 55% spending over $100/month on health. - Employers integrate financial wellness into health programs to reduce burnout and boost productivity. - Investors target wellness-driven SaaS, healthcare tech , and financial literacy platforms for holistic solutions.

Bitget-RWA2025/12/16 04:22
The Increasing Overlap Between Health and Financial Wellbeing in Managing Personal Finances

Revealing the Value of Green Gold: The Transformative Impact of Institutional-Grade Platforms on Clean Energy Markets

- Clean energy markets hit $35.42B in 2025 but face VPPA/PPA liquidity gaps as U.S. policy rollbacks raise costs by 11.8% YoY. - REsurety's CleanTrade platform digitizes PPA trading, unlocking $16B in liquidity via CFTC-approved SEF infrastructure within two months. - Strategic S&P Global partnership standardizes PPA/REC valuations, addressing institutional investors' risk management gaps in green energy markets. - While global PPA markets grow at 14.6% CAGR to $9.5B by 2035, U.S. policy uncertainty remain

Bitget-RWA2025/12/16 04:22
Revealing the Value of Green Gold: The Transformative Impact of Institutional-Grade Platforms on Clean Energy Markets
© 2025 Bitget