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Abraxas Capital Faces $119M Loss On Crypto Short: BTC Liquidation Price Sits At $153K

Summary by Bitcoinist
The crypto market is heating up, with Bitcoin testing a critical resistance zone just below its all-time high and Ethereum surging past the $4,300 mark to reach multi-year highs. This renewed strength is fueling optimism across the sector, with some analysts calling for the long-awaited altseason as bullish structures take shape in many altcoins. The combination of major assets pushing higher and growing institutional activity is creating a char…
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Bitcoinist broke the news in on Monday, August 11, 2025.
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