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On-chain crude oil TOP 1 short seller "Abraxas Capital" continues to take profits, "short oil, long crypto" portfolio position weekly profit of 12 million
ME News Report, April 9 (UTC+8), according to Hyperinsight monitoring, the largest short position holder for crude oil on the Hyperliquid platform, “Abraxas Capital,” saw a significant recovery in their account value within nearly a week after the ceasefire news, with funds increasing by over $12 million. The “short oil, long crypto” combined position has successfully turned from a previous floating loss of $9.7 million into a profit. As of the time of writing, the two addresses continue to synchronize profit-taking and position reduction, with the current floating profit still reaching $8.7 million.
After this round of position reduction, the total holdings remain at $152 million, including approximately $126 million in US and Brent crude oil short positions, and about $26.1 million in long positions in the crypto market. The details of the crude oil short positions are as follows:
BRENTOIL short (5x leverage): size reduced from $92 million to $78 million, average price around $96;
WTICRUDE short (5x leverage): size reduced from $51 million to $48.5 million, average price around $95.
Addresses: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060
Addresses: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36 (Source: BlockBeats)