According to on-chain analytics platform Lookonchain (@lookonchain), Abraxas Capital opened a 10x leveraged short position on crude oil (CL) over the past 13 hours on the decentralized perpetuals platform Hyperliquid, involving 146,601 contracts with a notional value of approximately $13.98 million. The associated wallet address 0x5b5d has accumulated total historical profits of $165.94 million on Hyperliquid.
Abraxas Capital opens a 10x short position on crude oil worth $13.98 million on Hyperliquid.
TechFlowShare
Summary
Abraxas Capital used on-chain trading signals to open a 10x short position on crude oil (CL) on Hyperliquid within 13 hours, totaling 146,601 contracts worth $13.98 million. The wallet 0x5b5d has generated $165.94 million in profits on the platform. This move underscores the role of on-chain data in institutional capital protection strategies.
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