Abraxas Capital Faces $100M Unrealized Loss On $800M Crypto Short Positions – Details
July 29, 2025 · 7:00 PM
The crypto market is experiencing renewed momentum, with Bitcoin hovering just below its all-time highs and Ethereum nearing the $4,000 resistance level. Traders anticipate a potential breakout as volatility increases and capital shifts towards altcoins. Notably, Abraxas Capital, a London-based investment firm, is facing over $100 million in unrealized losses on its $800 million short positions in major cryptocurrencies like Bitcoin and Ethereum, as revealed by blockchain analytics platform Arkham.
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