Institutional whales including Abraxas Capital, Wintermute and Fasanara Capital are maintaining short positions totaling $1.38 billion on Bitcoin, Ethereum and XRP across Hyperliquid. This strategy is designed to hedge gains rather than bet on a crash, with institutions simultaneously executing spot-long positions as part of cash-and-carry basis trades. Gold has reached a new August high of $4,659.85, driven by the U.S. Treasury’s liquidity injection of nearly $950 billion from the TGA into long-term bonds. Legendary investor Ray Dalio is urging investors to reduce Treasury exposure and shift capital into gold and Bitcoin amid concerns of an impending U.S. debt crisis. Meanwhile, U.S. spot Bitcoin ETFs recorded weekly inflows of $1.5 billion, their highest level in ten months.
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