BlockBeats News, March 30th, according to Hyperinsight monitoring, this weekend, the largest on-chain crude oil bear “Abraxas Capital” once again significantly increased its short positions in WTI crude oil and Brent crude oil. The two addresses simultaneously added to their positions, with a cumulative increase of over $44 million. The average prices for adding to WTIOIL and BRENTOIL positions were $102 and $108 respectively, with the scale of short positions increasing by about 48% compared to Friday.
After this round of adding to their positions, the two WTIOIL short positions now hold over $17 million each, and the BRENTOIL short positions each hold over $50 million, increasing the total position size to $136 million. Due to the continuous rise in oil prices, the positions held by these addresses have moved from a profit to a loss, with a total unrealized loss of $7.2 million.
