Abraxas Capital, a $160M Crude Oil Short, Takes Profit and Closes Out, Realizing a $10.15M Gain

BlockBeats News, April 10th, according to Hyperinsight monitoring, earlier this morning, the two addresses of the largest crude oil short institution "Abraxas Capital" on the Hyperliquid platform closed out all of their approximately $160 million WTIOIL and BRENTOIL short positions. The closing prices were approximately $95 and $95.5, recording a total profit of about $10.15 million.

After closing out, the whale currently has no large-scale new position layout, with its main positions being a BTC long position (worth $20.5 million) and a GOLD short position (worth $30.8 million).

It is reported that this address significantly opened crude oil short positions starting from March 26th, with a position size of up to $160 million. After the recent ceasefire news was announced, the position, which was initially at a $9.7 million floating loss, turned into a profit, expanding to nearly $10 million at one point. The whale then began taking profit yesterday afternoon.

Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060

Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36