coin-img-ETHETH-4.80%coin-img-BTCBTC-3.52%coin-img-SOLSOL-7.00%coin-img-XAUTXAUT-2.83%coin-img-PAXGPAXG-2.87%coin-img-BASEDBASED-4.36%coin-img-CDDCDD-45.61%coin-img-XRPXRP-4.98%coin-img-ETHETH-4.80%coin-img-BTCBTC-3.52%coin-img-SOLSOL-7.00%coin-img-XAUTXAUT-2.83%coin-img-PAXGPAXG-2.87%coin-img-BASEDBASED-4.36%coin-img-CDDCDD-45.61%coin-img-XRPXRP-4.98%coin-img-ETHETH-4.80%coin-img-BTCBTC-3.52%coin-img-SOLSOL-7.00%coin-img-XAUTXAUT-2.83%coin-img-PAXGPAXG-2.87%coin-img-BASEDBASED-4.36%coin-img-CDDCDD-45.61%coin-img-XRPXRP-4.98%coin-img-ETHETH-4.80%coin-img-BTCBTC-3.52%coin-img-SOLSOL-7.00%coin-img-XAUTXAUT-2.83%coin-img-PAXGPAXG-2.87%coin-img-BASEDBASED-4.36%coin-img-CDDCDD-45.61%coin-img-XRPXRP-4.98%

Abraxas Capital's on-chain crude oil shorts show $9.7 million unrealized loss

ChainCatcher reports that Hyperinsight data shows the combined unrealized loss on two addresses linked to Abraxas Capital—currently the largest oil holder on Hyperliquid—has widened to $9.7 million. The wallets continued adding to short exposure around lows overnight and into early morning. Total crude oil exposure across Brent and WTI now stands at $159 million, including: a 5x BRENTOIL short worth $102 million with an average entry price of about $103; and a 5x WTIOIL short worth $56.99 million with an average entry price of about $98.60.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.