Crude Oil TOP 1 Holder "Abraxas Capital" Overcomes Billion-Dollar Short Position to Turn Loss into Gain, with Unrealized Gains Widening to $4 Million

BlockBeats News, April 1st, according to Hyperinsight monitoring, Trump’s troop withdrawal statement triggered a sudden change in market sentiment, causing both WTI and Brent oil prices to fall below $100. The two short positions of “Abraxas Capital,” which holds the largest on-chain crude oil position, quickly turned losses into gains, with a total increased profit of $4 million, and a total position of $144 million. The main positions are as follows:

BRENT OIL short position (5x leverage): Total position of $92 million, with an average price of around $103;

WTI CRUDE short position (5x leverage): Total position of $52 million, with an average price of around $98.3.