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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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Or any o
- 🧠 #GateGiveaway# - Crypto Math Challenge！
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2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
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Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
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The company that initiated the big rally in Ethereum (ETH) is now shorting Bitcoin (BTC) and these four altcoins!
As tensions rapidly rise in the Middle East with the US attacking Iran, new developments have caused the cryptocurrency market to get dumped.
Bitcoin and altcoins have experienced significant get dumped, and a institutional investor who turned these declines into an opportunity made an unrealized profit of approximately 79.9 million dollars from the short positions he opened.
On the blockchain analyst The Data Nerd X's account, it was shared that investment manager Abraxas Capital has opened short positions in Bitcoin (BTC), Ethereum (ETH), Hyperliquid (HYPE), SUI, and Solana (SOL).
An analyst stated that 2 wallets identified as belonging to Abraxas Capital have short positions with 5x-10x leverage in BTC, ETH, HYPE, SUI, and SOL, indicating an unrealized profit of approximately 79.9 million dollars.
Abraxas Capital's decision to open a short position with a high leverage of 10x indicates that the company is focusing more on risk management in the cryptocurrency sector and aims to protect its portfolio against potential price fluctuations by using significant risk reduction strategies amidst the current market volatility.
Bitcoin started to recover after experiencing a drop and rose above 102 thousand dollars.
*This is not investment advice.
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