Abraxas Capital adds a $4 million short position on GOLD, bringing total exposure to $21.2 million.

Chainthink

Release Time: 03/25/2026 02:41:10

Summary

On March 25, the 'Abraxas Capital' sub-address (0xb83d…) executed a position rollover in GOLD, increasing its short position by $4 million in the last hour. The total position size now stands at $21.25 million, with 5x leverage and an average entry price of $4,796. GOLD is currently trading at $4,587, generating a floating profit of $980,000, or 12%. Liquidation will occur if the price reaches $6,144. The position was initiated near the $4,850 level, at the prior trend peak. Abraxas also holds a $25 million short position in BRENTOIL, yielding a $2.95 million floating profit.

ChainThink report, March 25: According to Hyperinsight monitoring, over the past hour, the "Abraxas Capital sub-address" (0xb83d…) rolled over its GOLD (gold) short position multiple times, accumulating an additional $4 million.

After this increase, its 5x leveraged CL short position total size rose to $21.25 million, with the average holding price decreasing from $5,187 to $4,796. The current GOKD price is $4,587, resulting in an unrealized profit of approximately $980,000, a return rate of 12%, and a liquidation price at $6,144.

It is reported that this short position significantly increased its stake when gold was around $4,850, correctly timing the peak of the previous downturn. It currently maintains a $25 million short position in BRENTOIL (Brent Oil), with an unrealized profit of $2.95 million.

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