"Abraxas Capital" averages down its long positions in WTI crude oil shorts, with the position size increasing to $14.96 million.

MarsBitNews · 2026-03-17T08:44:07+00:00

On March 17th, Hyperinsight detected that the "Abraxas Capital Sub-address" increased its short position of 25,100 CL tokens, worth approximately $2,905,500, bringing the total position size to $14,962,500. The current CL price is $96.72, and this position has an unrealized loss of about $514,300. This address was previously the largest whale holder on Hyperliquid, owning 34,000 BTC.

MarsBitNews

2026-03-17 08:44:07

Abstract generation in progress

Mars Finance News, March 17 — According to Hyperinsight monitoring, in the past hour, “Abraxas Capital sub-address” (0xb83d…) executed a hedge operation on its CL (WTI crude oil) short positions, adding 25,100 CL short contracts worth approximately $2.9055 million. After this increase, its total CL short position rose to $14.9625 million, with the average holding price passively raised from $92.88 to $93.39. The current CL price is $96.72, and this position has an unrealized loss of about $514,300, a loss of 6.48%, with a liquidation price at $144.39. This address was previously the largest whale holding on Hyperliquid, with peak holdings exceeding $900 million. On-chain data shows it currently holds 34,000 BTC (about $2.34 billion) and is engaged in large-scale trading on the Hyperliquid platform.

BTC0.79%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes