Abraxas Capital Liquidates BTC Short Position, Realizing a $23.91 Million Loss

On October 10th, as per the monitoring of LookOnChain, due to the market crash, the "Whale" ETH long position is currently facing an unrealized loss of more than $8.6 million, with a liquidation price of $3,992. Its account has shifted from a profit of $43.64 million to a loss of $5.8 million.

On October 10th, Canary submitted a sixth revision for the Spot Solana ETF. The fee rate is 0.5% and there is no sharing of staking rewards. In contrast, Bitwise's Solana ETF has a 0.20% fee but deducts a 6% staking reward.

On October 10th, based on HTX market data, when Bitcoin briefly fell below $119,000, altcoins witnessed a widespread decline. Specifically, 2Z dropped by more than 17% within 24 hours and is currently trading at $0.32; WLFI dropped by more than 15% within 24 hours and is currently trading at $0.1479; OPEN dropped by more than 13% within 24 hours and is currently trading at $0.48; FF dropped by more than 12% within 24 hours and is currently trading at $0.123; XPL dropped by more than 12% within 24 hours and is currently trading at $0.655; TST dropped by more than 10% within 24 hours and is currently trading at $0.0293.

On October 10th, as monitored by on-chain analyst Yu Jin, the liquidation price of the "buddy" ETH long position is at $3,992, which is only $100 away from the current price. He just closed the HYPE long position and topped up the margin for the ETH long position. Otherwise, the liquidation price would be even closer.

On October 10th, the US Bureau of Labor Statistics is scheduled to release the Consumer Price Index for September 2025 on October 24th. (Gold 10)

On October 10th, according to HTX market data, Bitcoin dropped below $119,000, experiencing a 24-hour decline of 1.68%. Ethereum also fell below $4,100, with a 24-hour decrease of 4.83%.