Abraxas Capital Secures Top Two in Brent Crude Position, Increases Short Position to $50 Million in Bet on “Oil Price Drop”

BlockBeats News, March 26th, according to HyperInsight monitoring, Abraxas Capital's two major addresses (0x5b5, 0xb83) have recently continued to increase their short positions in Brent Crude Oil. They currently collectively hold the top two positions in the Hyperliquid platform's BRENTOIL (Brent Crude Oil) holdings. Each address holds a short position of over $20 million, with a total scale of $50 million.

Currently, both short positions are using 10x leverage, with a weighted average price of about $104.7 and a liquidation price mean of $142.6. As the Brent Crude Oil price continues to fall, the total unrealized profit of the two positions has reached approximately $3 million, with an overall ROI of about 12%.