๐Ÿ”ฅ On-Chain Crude Oil Max Short Abraxas Capital Continues Profit-Taking, Weekly Portfolio Gains Exceed $12 Million


According to Hyperinsight monitoring, the two addresses of Hyperliquid platform's largest crude oil shorting institution, Abraxas Capital, experienced a significant recovery in their holdings within nearly a week after the ceasefire news, with funds rebounding by over $12 million. Their "short oil, long crypto" portfolio position, previously showing a $9.7 million unrealized loss, has turned profitable. As of press time, both addresses continue to take profits and reduce positions, with unrealized gains still reaching $8.7 million. After this round of reduction, the total position size remains at $152 million, including approximately $126 million in short positions on WTI and Brent crude, and about $26.1 million in long positions across the crypto market. Crude oil short positions are detailed as follows: BRENTโ€ฆ
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