According to Golden Finance, in the battle between bulls and bears in the cryptocurrency market, the operations of institutional investors often draw much attention. According to the monitoring of the on-chain analysis platform Lookonchain, Abraxas Capital successfully achieved profits by using 10 times leverage to short BTC, ETH and SOL through two wallets on the Hyperliquid platform and conducting spot hedging. The current total profit has exceeded 13 million US dollars.
In the field of cryptocurrency investment, hedging strategies are a common risk management approach, aiming to reduce the potential risks of an investment portfolio through reverse operations. Abraxas Capital chose to short sell the three major mainstream cryptocurrencies, BTC, ETH and SOL, this time, demonstrating its precise judgment on the market trend. Bitcoin (BTC), as the leader in the cryptocurrency market, Ethereum (ETH), as the representative of smart contract platforms, and Solana (SOL), with the advantage of high-performance public chains, occupy important positions in the cryptocurrency market. Their price fluctuations are of great concern to many investors.
The Hyperliquid platform provided support for the transactions of Abraxas Capital. As a decentralized perpetual contract exchange operating on a customized L1 blockchain, this platform features a user experience similar to that of a centralized exchange. Its efficient transaction processing capabilities and low transaction fees enable investors to execute trading strategies more flexibly. Abraxas Capital utilizes the 10 times leverage of this platform. While amplifying potential returns, it also needs to undertake higher risks. However, through spot hedging, it has balanced the risks to a certain extent and reduced the possibility of margin calls caused by sharp market fluctuations.
From the perspective of the market environment, the cryptocurrency market has been experiencing frequent fluctuations recently, with multiple factors influencing the trend of coin prices. Changes in the macroeconomic situation, adjustments in regulatory policies of various countries, and alterations in market supply and demand relations, etc., may all trigger significant price fluctuations. Perhaps Abraxas Capital, based on an in-depth analysis of these factors, judged that there was downward space in the prices of BTC, ETH and SOL, and thus resolutely adopted the strategy of short selling and hedging. This profit of over 13 million US dollars not only demonstrates the outstanding analytical ability and trading skills of its investment team, but also provides a successful hedging case reference for investors in the cryptocurrency market.
For ordinary investors, the operation of Abraxas Capital has certain reference significance. In the investment of the cryptocurrency market, the reasonable application of hedging strategies can effectively manage risks. However, it should be noted that leveraged trading and hedging operations have relatively high requirements for investors’ professional knowledge and risk tolerance. When ordinary investors attempt such operations, they should fully understand the market and related tools, make prudent decisions, and avoid blindly following the trend. Subsequently, the market will continue to pay attention to the investment trends of Abraxas Capital and whether its profit strategy will prompt other institutional investors to follow suit, thereby having an impact on the bullish and bearish patterns in the cryptocurrency market.
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