Gate News message. On April 2, according to monitoring by Hyperinsight, the combined unrealized loss of the two addresses of the largest institutional holder of crude oil positions on Hyperliquid, Abraxas Capital, has expanded to $9.7 million. The institution has continued to roll over short positions aggressively at low levels throughout last night and this morning; as of now, the total position size in Brent crude oil (the international benchmark oil price) and WTI crude oil (the U.S. benchmark oil price) has reached $159 million. Of this, the 5x-leveraged Brent crude short position size is $102 million, with an average price of about $103; the 5x-leveraged WTI crude short position size is $56.99 million, with an average price of about $98.6.
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