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🔥Abraxas Capital Liquidates $160 Million Oil Shorts, Profits $10.15 Million
According to Hyperinsight monitoring, the two addresses of Abraxas Capital, the largest oil short position holder on the Hyperliquid platform, closed approximately $160 million worth of WTIOIL and BRENTOIL short positions on April 10. The average closing prices were about $95 and $95.5, respectively, resulting in a total profit of approximately $10.15 million over the full cycle. After closing these positions, the firm currently has no large new positions, mainly holding $20.5 million in BTC long positions and $30.8 million in GOLD short positions. Since March 26, this address has opened…
#hype #btc