CoinWorld News reported that on March 26 (UTC+8), according to HyperInsight monitoring, two major addresses under Abraxas Capital, (0x5b5 and 0xb83), have been continuously increasing their short positions in Brent crude oil. Currently, they both hold the top two positions in the Hyperliquid platform's BRENTOIL( Brent crude oil holdings. Each address holds over $20 million in short positions, with a total scale of $50 million. Both short positions are currently leveraged at 10x, with an average entry price of approximately $104.7, and a liquidation price average of $142.6. As Brent crude oil prices continue to decline, the combined unrealized profit of these two positions has reached about $3 million, with an overall return of approximately 12%.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin