Bitcoin Short Backfires: Abraxas Capital Loses $14.5M as BTC Surges
In a stunning turn of events, Abraxas Capital, a prominent London-based investment firm, has suffered a massive $14.5 million loss on its Bitcoin short position as BTC prices surged unexpectedly. This dramatic development highlights the high-stakes nature of cryptocurrency trading and serves as a cautionary tale for investors betting against Bitcoin. Why Did Abraxas Capital’s […]
