The largest on-chain crude oil short-selling institution, "Abraxas Capital," has lost nearly $10 million, with a total position of $159 million.

MarsBitNews · 2026-04-02T09:44:17+00:00

The failure of the ceasefire expectation led to a rise in oil prices, with Abraxas Capital's crude oil holdings on Hyperliquid experiencing an unrealized loss of $9.7 million. Currently, the total scale of US and Brent crude oil is $159 million.

MarsBitNews

2026-04-02 09:44:17

Abstract generation in progress

Mars Finance news. On April 2, according to monitoring by Hyperinsight, the ceasefire expectations were dashed and oil prices rose. The combined unrealized loss on two addresses that make up the largest position in crude oil on Hyperliquid by “Abraxas Capital” has expanded to $9.7 million. The address had continuously carried out large-scale rolling over to set up bearish positions at low levels throughout last night and this morning. At present, the total value of both Brent and WTI crude is $159 million, including: 5x BRENTOIL short positions: size $102 million, with an average price of about $103; 5x WTIOIL short positions: size $56.99 million, with an average price of about $98.6.

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.