On April 10, Hyperinsight monitoring showed that Abraxas Capital, the largest short position holder on the Hyperliquid platform, closed out approximately $160 million in WTIOL and BRENTOIL short positions this morning at average closing prices of around $95 and $95.5, respectively, realizing a total profit of approximately $10.15 million across the entire trade. Currently, this whale’s primary holdings are a BTC long position ($20.5 million) and a gold short position ($30.8 million).
Abraxas Capital Closes Crude Oil Short Positions, Earns $10.15M Profit
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Summary
On April 10, Abraxas Capital executed a take-profit strategy, closing $160 million in crude oil short positions on Hyperliquid. The firm sold WTIOIL and BRENTOIL at approximately $95 and $95.5, locking in a $10.15 million profit. This move supports its capital protection objectives, as the whale now holds a $20.5 million BTC long and a $30.8 million gold short.
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