Key Notes

Price fluctuations brought massive losses to popular traders like James Wynn and Machi Big Brother.

Hyperliquid whales are betting against small-cap altcoins.

Top Hyperliquid trader betted over $300 million on BTC and ETH’s price fall.

Some of the most famous Hyperliquid traders might have learned an expensive lesson with high-leverage bets, but Abraxa Capital, a London-based crypto investment firm, is still betting big.

The cryptocurrency market has been seeing wild volatility over the past month, with leading assets witnessing huge selloffs. Bitcoin BTC $103 124 24h volatility: 1.7% Market cap: $2.06 T Vol. 24h: $61.78 B recorded a 16.7% fall in the last 30 days while Ethereum ETH $3 376 24h volatility: 2.6% Market cap: $4

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