Abraxas Capital Suffer $244.8M Crypto Short Losses
Abraxas Capital dey wrestle wit $244.8M loss for crypto short for di main digital assets. Di company aggressive position include 113,819 ETH shorts worth $483M, wey don give unrealized loss of $188.7M. Shorts for BTC, SOL, HYPE, and SUI add another $56M loss. Dis crypto short loss show di risk wey dey if you bet against strong market trend for volatile market. Traders fit face more market wahala if big liquidation happen. Dis situation na warning to make risk management strong and rethink short-selling plans. To monitor market feeling and make sure say trading with leverage clear na key for market to stand gidigba.
Bullish
Abraxas Capital get big unrealized short losses wey mean say di bearish positions for ETH, BTC, SOL, HYPE and SUI dey under pressure. For short term, forced buybacks to cover margin call fit make short squeeze happen, wey go push prices go up and make volatility increase. For long term, dis kind thing fit stop big shorting and make people manage risk more careful, wey go reduce di down pressure and support price stability. As traders dey rethink their short strategies, demand for collateral and spot buys fit help boost crypto assets, show say e get bullish outlook.