Abraxas Capital’s short positions against major cryptocurrencies have led to unrealized losses of $190 million, with Ethereum needing special attention due to losses exceeding $144 million. This situation reflects the inherent risks of crypto market volatility.
Samson Mow suggests that large ETH holders often sell their holdings to acquire Bitcoin, complicating price dynamics in ETH. Market trends indicate that hedge strategies do not always guarantee safety, prompting traders to remain vigilant in the ever-changing crypto landscape.
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