"Abraxas Capital" US and Brent crude oil short positions have been increased to $136 million, with an unrealized loss of $7.2 million.

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According to Mars Finance news on March 30, monitoring by Hyperinsight shows that this weekend, the largest short in on-chain crude oil, “Abraxas Capital,” has once again significantly increased its positions in WTI crude oil and Brent crude oil shorts, with two addresses simultaneously ramping up, accumulating over 44 million dollars in holdings. The average purchase prices for WTIOIL and BRENTOIL were 102 dollars and 108 dollars, respectively, with the scale of short positions increasing by about 48% compared to Friday. Following this round of accumulation, each of the two addresses now holds over 17 million dollars in WTIOIL shorts and over 50 million dollars in BRENTOIL shorts, bringing the total position scale up to 1.36 billion dollars. Due to the continuous rise in oil prices, the holdings of this address have shifted from profit to loss, with an accumulated unrealized loss of 7.2 million dollars.

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