3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally
Covered by 3 sources · 3 articles
Three trading firms - Abraxas Capital, Fasanara Capital, and Wintermute - maintain combined short positions exceeding $600 million across Bitcoin and Ethereum, according to on-chain tracking data. Lookonchain identified these holdings as accounts used by market makers for hedging purposes rather than outright directional bets. The persistence of these positions comes amid recent price strength in both assets.
The shorts highlight how professional trading desks use derivatives and hedging strategies to manage risk across volatile crypto markets, even when spot prices move higher. These positions typically reflect operational risk management by firms that facilitate trading rather than speculative directional plays.
- Three major trading firms collectively hold over $600 million in BTC and ETH shorts, identified as hedging accounts by blockchain tracker Lookonchain.
- These positions are structured as market maker risk management tools rather than directional bets against the assets.
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Trading firms maintain short positions on Bitcoin, Ethereum amid price rally
Institutional short positions amid a crypto rally highlight market divergence, potentially influencing future volatility and trading strategies. The post Trading firms maintain short positions on Bitcoin, Ethereum amid price rally appeared…
3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally
Abraxas Capital, Fasanara Capital, and Wintermute still hold over $600 million in short positions in Bitcoin (BTC) and Ethereum (ETH). Blockchain tracker Lookonchain identified the positions as market maker hedging accounts. Their liquidati…
3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally