Forward from: Decrypt: Crypto News π¦
ππ³ Whale and Institutional Transactions:
1. Abraxas Capital has opened short positions on Hyperliquid worth around $783 million. At the same time, they are strategically hedging their bets by making spot purchases, recently withdrawing 73,872 #ETH (valued at $173.17 million) from Binance over the past four days.
2. Arthur Hayes redeemed 1.9 million #ETHFI for about $1.17 million at a price of $0.62. Four months earlier, he sold 265,461 #ETHFI (approximately $118K) at a loss for $0.44.
3. The #TRUMP team liquidated #TRUMP for 3.39 million #USDC.
1. Abraxas Capital has opened short positions on Hyperliquid worth around $783 million. At the same time, they are strategically hedging their bets by making spot purchases, recently withdrawing 73,872 #ETH (valued at $173.17 million) from Binance over the past four days.
2. Arthur Hayes redeemed 1.9 million #ETHFI for about $1.17 million at a price of $0.62. Four months earlier, he sold 265,461 #ETHFI (approximately $118K) at a loss for $0.44.
3. The #TRUMP team liquidated #TRUMP for 3.39 million #USDC.