Lookonchain said the largest on-chain short position is currently held by a market maker hedging account. The monitored positions are linked to three firms: Abraxas Capital, Fasanara Capital, and Wintermute. Together, they hold a short position of 138,569 ETH valued at $338 million, along with a short position of 3,425 BTC valued at $265 million. Based on the figures provided, the combined value of the two positions is about $603 million. The update was cited by Odaily in a newsflash report.
According to monitoring by Lookonchain, the largest on-chain short position is currently held by a market maker hedging account.
Lookonchain said Abraxas Capital, Fasanara Capital, and Wintermute together hold a short position of 138,569 ETH worth $338 million. The three firms also hold a short position of 3,425 BTC valued at $265 million.
Using the disclosed figures, the combined value of the BTC and ETH short positions comes to roughly $603 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
