Abraxas Capital closes $160 million crude oil short position, realizing a $10.15 million profit.

Huoxing Finance reports that, according to Hyperinsight monitoring, on April 10, the two addresses of Abraxas Capital, the largest short position holder on the Hyperliquid platform, closed all their WTIOIL and BRENTOIL short positions this morning, totaling approximately $160 million. The average closing prices were around $95 and $95.5, respectively, resulting in a total profit of approximately $10.15 million over the entire trading cycle. After closing these positions, the whale has not established any new large positions; its current main holdings are a BTC long position ($20.5 million) and a GOLD (gold) short position ($30.8 million). It is understood that this address began establishing large crude oil short positions on March 26, with peak position size reaching $160 million. Following the recent announcement of a ceasefire, the position shifted from a $9.7 million unrealized loss to profitability, with gains expanding to nearly $100 million before consistent profit-taking began yesterday afternoon. Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36