According to on-chain analyst The Data Nerd (@OnchainDataNerd), Abraxas_Capital has been steadily increasing its short position on $GOLD, which now represents its largest holding at approximately $18.8 million. Previously, this address opened a 10x leveraged short position on $OIL on March 17, valued at around $14 million, with a liquidation price of approximately $143.
Abraxas Capital Increases GOLD Short Position to $18.8M
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Summary
Abraxas Capital has increased its GOLD short position to $18.8 million, making it the largest in its portfolio. Previously, on March 17, the firm opened a 10x leveraged OIL short position valued at $14 million, with a liquidation price near $143. Position sizing appears to be a key focus as the address continues to adjust its exposure. Position trading strategies are clearly shaping Abraxas’ current market approach.
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