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Abraxas Capital Secures Top Two in Brent Crude Position, Increases Short Position to $50 Million in Bet on “Oil Price Drop”

2 hours ago

Per HyperInsight monitoring as of March 26th, Abraxas Capital’s two key addresses (0x5b5, 0xb83) have recently ramped up their Brent Crude Oil short positions. The pair now hold the top two spots for BRENTOIL (Brent Crude Oil) positions on the Hyperliquid platform. Each address has a short position of over $20 million, totaling $50 million in size. Both positions use 10x leverage, with a weighted average entry price of ~$104.7 and an average liquidation price of ~$142.6. As Brent Crude prices continue to fall, the two positions have racked up approximately $3 million in unrealized profits, delivering an overall ROI of ~12%. (Source: HyperInsight monitoring)
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