On-chain Crude Oil's largest short seller "Abraxas Capital" loses nearly $10 million, total position $159 million

BlockBeats News, April 2nd, according to Hyperinsight monitoring, the ceasefire expectation fell through, and oil prices rose. The total unrealized loss of the two addresses of "Abraxas Capital," the largest oil position on Hyperliquid, has expanded to $9.7 million.

These addresses had been continuously rolling over leveraged short positions at lows last night and this morning. The total size of both USOIL and UKOIL positions has reached $159 million, including: 5x BRENTOIL shorts: $1.02 billion, average price around $103; 5x WTIOIL shorts: $569.9 million, average price around $98.6.