On-chain Crude Oil TOP 1 Bear "Abraxas Capital" continues to take profit, "Short Oil Long Crypto" portfolio position weekly profit 12 million.

BlockBeats News, April 9th, according to Hyperinsight monitoring, Abraxas Capital, the largest short seller of crude oil on the Hyperliquid platform, saw a significant recovery in their two addresses in the week following the ceasefire announcement, with funds rising by over $12 million. The "short oil long crypto" portfolio position, which was previously facing a $9.7 million unrealized loss, successfully turned into a profit. As of the time of writing, the two addresses continue to take profit and reduce their positions simultaneously, with the current unrealized profit standing at $8.7 million.

After this round of profit-taking, the current total position size still remains at $152 million, with the combined short positions for U.S. and Brent crude oil totaling approximately $126 million and the long positions in the crypto market totaling around $26.1 million. Details of the crude oil short positions are as follows:

BRENTOIL Short (5x leverage): Position size reduced from $92 million to $78 million, with an average price of around $96;

WTICRUDE Short (5x leverage): Position size reduced from $51 million to $48.5 million, with an average price of around $95.

Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060

Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36