On-chain crude oil TOP1 short position "Abraxas Capital" continues to take profit "short oil and multiple encryption" combined position weekly profit of 12 million

According to Hyperinsight monitoring, the books of "Abraxas Capital", the two largest short institutions in crude oil on the Hyperliquid platform, rebounded significantly in the nearly one week after the ceasefire news came to fruition, and their funds rose by more than US$12 million. The combined position of "empty oil and multiple encryption" was successfully turned into profit from the previous floating loss of US$9.7 million. As of press time, the two addresses have continued to take profits and reduce positions simultaneously, and the current floating profit on the book still reaches US$8.7 million.<br /> After this round of lightening positions, the current total positions still reach US$152 million, of which the total oil and short positions in the United States and Brazil totaled approximately US$126 million, and the total long positions in the crypto market totaled approximately US$26.1 million. Details of crude oil short positions are as follows:<br /> BRENTOIL short orders (5 times leverage): The size dropped from US$92 million to US$78 million, with an average price of approximately US$96;<br /> WTICRUDE short orders (5 times leverage): The size of US$51 million dropped to US$48.5 million, with an average price of approximately US$95.