「Abraxas Capital」 Increases Short Position in Crude Oil to $92 Million, Unrealized Gain of $2.6 Million

BlockBeats News, March 27, according to Hyperinsight monitoring, last night and this morning, the TOP 1 and TOP 2 positions of Brent crude on-chain holdings, controlled by "Abraxas Capital," once again significantly increased their holdings. The two addresses simultaneously added to their positions, with a total additional investment of nearly $26 million, at an average price of about $101. The size of their short positions has increased by approximately 130% compared to yesterday morning.

After this round of accumulation, the two addresses currently hold over $40 million each in short positions, increasing the total position size to $92 million, with a combined average price of around $103. The average liquidation price is $137. After gradually increasing their positions, at 4 a.m. this morning, the addresses turned their losses into gains, with a total unrealized gain of $2.6 million.