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Under the dual pressure of Trump's tariff remarks and market technical adjustments, the cryptocurrency market has experienced a severe fluctuation. On-chain data shows that the hedge fund Abraxas Capital has been continuously increasing its short positions, with the total notional value of holdings rising to $760 million, including $277 million in BTC short positions, $257 million in ETH short positions, and $76.5 million in SOL short positions. Meanwhile, highly leveraged long positions suffered a brutal liquidation, with a certain 40x leveraged BTC long whale position being fully liquidated, resulting in a loss of $6.3 million. Market volatility has sharply risen, and the battle between long and short positions at key price levels has entered a heated