According to @OnchainLens, the crypto market is highly bearish and an entity labeled Abraxas Capital holds short positions across two wallets with a current floating profit of $76.83M. Source: Onchain Lens. @OnchainLens reports that Abraxas Capital is making over $269.13M from its short positions, with the two wallets viewable on Hyperbot at 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 and 0xB83DE012dbA672c76A7dbbbf3E459CB59D7D6E36. Source: Onchain Lens and Hyperbot network. These wallet-linked short profits indicate concentrated short-side profitability consistent with the bearish conditions described by the source. Source: Onchain Lens.

According to @KookCapitalLLC, the traditional 'sell in May and go away' pattern held true in May 2025, as major cryptocurrencies including Bitcoin and altcoins experienced significant price declines (Source: Twitter/@KookCapitalLLC, May 12, 2025). This seasonal trend led to increased selling pressure and lower trading volumes, signaling a potential bearish phase for traders. Crypto investors should closely monitor support levels and consider risk management strategies during this period of heightened volatility. The May sell-off also historically presents opportunities for re-entry at lower price levels, making timing and technical analysis crucial for market participants.