Whale Movemen2026-08-24 02:58:02Abraxas, Fasanara and Wintermute hold $603 million in combined BTC and ETH short positionsLookonchain 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.1110
Hyperliquid2026-07-27 11:02:14Top nine whale addresses on Hyperliquid show combined unrealized loss of $48.635 millionHyperinsight data shows that the top nine whale addresses on Hyperliquid are all sitting on unrealized losses, despite each holding positions close to or above $100 million. Their combined notional exposure stands at about $1.285 billion, with individual books ranging from $97.84 million to $314 million. The largest loss belongs to the address labeled “BTC OG insider whale,” whose overall paper loss has reached $15.538 million, driven mainly by a 5x leveraged BTC long worth roughly $82.906 million. ETH shorts have emerged as the most crowded losing trade among the group: six of the nine addresses are short a combined 222,000 ETH, with those positions showing total unrealized losses of $36.208 million. Specific addresses including pension-usdt.eth, BobbyBigSize and Abraxas Capital all posted notable losses on ETH shorts, although Abraxas offset part of the damage with profitable shorts in HYPE, SOL and FARTCOIN. Other losses came from BTC shorts and U.S. equity longs such as GOOGL and MRVL, showing that the drawdown was not tied to a single directional bet.2210
