• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: US Lawmakers Urge SEC To Allow Crypto Investments In 401(k) Plans
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: US Lawmakers Urge SEC To Allow Crypto Investments In 401(k) Plans
Abraxas Capital Faces $119M Loss On Crypto Short: BTC Liquidation Price Sits At $153K

Abraxas Capital Faces $119M Loss On Crypto Short: BTC Liquidation Price Sits At $153K

Sebastian Villafuerte
by Sebastian Villafuerte
1 month ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market is heating up, with Bitcoin testing a critical resistance zone just below its all-time high and Ethereum surging past the $4,300 mark to reach multi-year highs. This renewed strength is fueling optimism across the sector, with some analysts calling for the long-awaited altseason as bullish structures take shape in many altcoins. The combination of major assets pushing higher and growing institutional activity is creating a charged atmosphere, setting the stage for what could be a significant market move in the coming weeks.

Related Reading: Vitalik Buterin Regains Billionaire Status As Ethereum Hits Multi-Year Highs

However, not everyone is convinced the rally will be sustained. Some major players are positioning for a downturn, betting against the market’s momentum. Arkham Intelligence, a blockchain analytics firm known for unmasking the people and companies behind blockchain wallets and transactions, revealed that Abraxas Capital — a large fund with substantial crypto exposure — is currently down over $100 million while shorting the market.

The battle between bullish momentum and bearish positioning is intensifying, and with Bitcoin, Ethereum, and key altcoins approaching critical levels, the next moves could determine whether the market breaks into a full-blown altseason or faces another round of consolidation.

Abraxas Capital’s Massive Short Position Raises Market Tension

Arkham Intelligence has revealed that Abraxas Capital’s account, identified as 0x5b5, is currently shorting over $750 million worth of cryptocurrency and facing a $119.2 million unrealized loss. The fund’s Bitcoin liquidation price stands at $153,429 — a level that, if reached, could trigger a significant cascade of liquidations in the market.

In addition to its large short position, Abraxas Capital also holds over $573 million in ETH and $69.4 million in HYPE. These positions are delta-positive and delta-neutral, respectively, suggesting a complex trading strategy. They may be farming funding rates on Hyperliquid, taking advantage of perpetual futures market dynamics. It is also possible that Abraxas has additional positions on Binance or other centralized exchanges that are not visible on-chain, adding another layer of uncertainty to their overall exposure.

Abraxas Capital Public Crypto Holdings | Source: Arkham Intelligence
Abraxas Capital Public Crypto Holdings | Source: Arkham Intelligence

While some analysts believe this is a hedge strategy, others warn that such concentrated short exposure could backfire if market momentum accelerates. A sharp rally could force large short players, including Abraxas, to close positions rapidly — triggering a short squeeze that adds fuel to price gains.

With BTC hovering just below $123K and ETH above $4,200, both nearing all-time highs, the coming weeks could determine whether Abraxas’s strategy pays off — or becomes a major bullish catalyst for the entire crypto market.

Related Reading: Coinbase Brings DEX Trading, Unlocking Millions Of Assets For US Users

Total Crypto Market Cap Nearing Breakout

The total cryptocurrency market cap is showing strong bullish momentum, currently at $3.98 trillion, just shy of the $4 trillion mark and just below all-time highs. The chart displays a clear uptrend, with higher highs and higher lows forming consistently since the May rebound.

Total Crypto Market Cap testing uncharted levels | TOTAL chart on TradingView
Total Crypto Market Cap testing uncharted levels | TOTAL chart on TradingView

The 50-day moving average (3.21T) is trending sharply upward and remains well above the 100-day (3.14T) and 200-day (2.64T) moving averages, confirming a strong long-term bullish structure. Price action has also been supported by rising volume, a sign of healthy market participation as capital flows into digital assets.

Related Reading: Bo Hines Exits Top Crypto Post – Who Will Take Over Next?

If the market cap breaks convincingly above the $4 trillion psychological barrier, it could trigger further momentum and potentially set new records. This breakout would likely be fueled by Bitcoin and Ethereum’s strength, combined with renewed interest in altcoins as traders position for a possible altseason.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Sebastian Villafuerte

Sebastian Villafuerte

Follow

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Full Profile

Related Posts

Gemini Picks 3 Best Crypto Presales to Weather the Market Crash

Gemini Picks 3 Best Crypto Presales to Weather the Market Crash

14 minutes ago
Best Crypto to Buy as US-UK Crypto Alliance Could Redefine the Sector

US and UK Explore Crypto Regulatory Collaboration – Which Are the Best Cryptos to Buy Now?

2 hours ago
Why Bitcoin Hyper's Layer-2 Could Make Bitcoin Relevant for Developers & Modern Demands

Why Bitcoin Hyper’s Layer-2 Could Make Bitcoin Relevant for Developers & Modern Demands

2 hours ago
Crypto

United On Crypto: UK And US Announce Joint Regulatory Effort

3 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 23)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 23)

50 minutes ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 23)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 23)

50 minutes ago

Premium Sponsors

Press Releases

  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    5 hours ago
  • Snorter надхвърли $4 милиона след...

    1 day ago
  • ตัวละครสัตว์ Snorter หน้าตลกโผล่พ้นกำแพงอิฐ

    นักลงทุนแห่เข้าซื้อ...

    4 days ago
  • Little Pepe ($LILPEPE) presale crosses $25 million milestone as investors eye exchange listings and meme coin Layer-2 blockchain growth.

    Little Pepe Presale Surges Past $25M as Stage 12 Sells Out...

    5 days ago
  • As Demand Grows for Ease, MEXC Adds Apple Pay and Google Pay for Instant Crypto Purchases

    As Demand Grows for Ease, MEXC Adds Apple Pay and Google...

    5 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.