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Abraxas Builds $783M Hyperliquid Short, Hedges ETH as BTC Hits $77.5K

Abraxas Builds $783M Hyperliquid Short, Hedges ETH as BTC Hits $77.5KWorldPing

Abraxas Capital has piled into a $783 million short position on Hyperliquid even as bitcoin’s biggest weekly rally since March 2023 forces billions of dollars in bearish bets to unwind elsewhere.

This is a short WorldPing brief. The full report was published by Bitcoin.com.

Read the full report at Bitcoin.com

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