These people are amongst the dumbest of dumb “Hedging spot” ? It was some mainstream traditional finance tard that came up with the idea to hedge the biggest bull market of human civilization Lmao send more of these idiots our way
Lookonchain
Lookonchain10.8. klo 12.02
Brutal losses! Abraxas Capital's 2 accounts are shorting $ETH, $BTC, $SOL, $HYPE, and $SUI as a hedge against spot holdings, with total unrealized losses exceeding $190M! They're holding 113,819 $ETH($483M) in shorts — down more than $144M.
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