Abraxas, Fasanara and Wintermute Maintain Strong $600M BTC-ETH Short Hedges
Crypto Economy · Published Aug 24, 2026, 1:05 PM EDT
Article Summary
Abraxas, Fasanara and Wintermute maintain more than $600 million in combined Bitcoin and Ether shorts, with liquidation levels at least 62% above spot prices. Abraxas holds roughly $783 million in Hyperliquid short exposure and withdrew 73,872 ETH worth about $173.17 million from Binance to reinforce its hedge.
This article appears to be broader market context rather than a single-asset story.
What Happened
Abraxas, Fasanara and Wintermute maintain more than $600 million in combined Bitcoin and Ether shorts, with liquidation levels at least 62% above spot prices. Abraxas holds roughly $783 million in Hyperliquid short exposure and withdrew 73,872 ETH worth about $173.17 million from Binance to reinforce its hedge.
Why It Matters
It may matter as broader market context rather than a single-asset catalyst. CoqiLabs groups this article under Bitcoin to help readers understand the related market theme.
Market Context
Published by Crypto Economy. Category: Bitcoin. Published Aug 24, 2026, 1:05 PM EDT.
This article appears to be broader market context rather than a single-asset story.
Sentiment Read
Market tone for this article appears negative. This article is shown for market context only and is not financial advice.
Original Publisher
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