Abraxas Capital Increases Short Positions in Brent Oil

Abraxas Capital has recently increased its short positions in Brent oil, according to BlockBeats. HyperInsight monitoring reveals that two major addresses under Abraxas Capital, identified as 0x5b5 and 0xb83, have been actively adding to their short positions. These addresses now hold the top two positions in terms of Brent oil holdings on the Hyperliquid platform, with each address holding over $20 million in short positions, totaling approximately $50 million. Both short positions are leveraged at 10 times, with an average price of $104.7 per barrel and a liquidation price averaging $142.6 per barrel. As Brent oil prices continue to decline, the combined positions have generated an unrealized profit of about $3 million, reflecting an overall return rate of approximately 12%.