Hyperliquid’s largest crude oil shorting institution, Abraxas Capital, has earned over $12 million in profit in the past week

Gate News message. On April 9, according to monitoring by Hyperinsight, on the Hyperliquid platform, the two addresses of the largest crude-oil short institution, “Abraxas Capital,” saw a sharp rebound in their accounts within nearly a week after the ceasefire news was released. Funds rose again by more than $12 million. The “short oil, long crypto” portfolio position, which had previously been down $9.7 million on paper, successfully turned to profit. As of the time of publication, the two addresses continue to take profit and reduce positions in sync, with unrealized gains still at $8.7 million. After this round of position reduction, the current total position size remains at $152 million, of which the combined short positions in Brent and WTI are approximately $126 million, and long positions in the crypto market total approximately $26.1 million. Crude-oil short position details: the BRENTOIL short (5x leverage) size fell from $92 million to $78 million, with an average price of about $96; the WTICRUDE short (5x leverage) size fell from $51 million to $48.5 million, with an average price of about $95. Addresses: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060、0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.