BlockBeats News, March 25 — According to Hyperinsight monitoring, over the past hour, the “Abraxas Capital sub-address” (0xb83d…) has been continuously rolling over its GOLD short positions, accumulating nearly $4 million in additional holdings.
After this increase, its 5x leveraged CL short position total reached $21.25 million, with an average entry price dropping from $5,187 to $4,796. Currently, the GOKD price is $4,587, with an unrealized profit of about $980,000 and a return rate of 12%. The liquidation price is at $6,144.
It is reported that this short position was heavily increased when gold was around $4,850, catching the high point of the previous decline. Additionally, they still hold a $25 million BRENTOIL (Brent crude oil) short position, with an unrealized profit of $2.95 million.
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