Crude oil top 1 holding "Abraxas Capital" turns losses into profits with over 100 million in short positions, unrealized gains expand to $4 million

BlockBeatNews

2026-04-01 07:21:34

BlockBeats message. April 1, according to monitoring by Hyperinsight, Trump’s remarks about withdrawing troops sparked a sudden shift in market sentiment, and both US and Brent crude oil prices fell below the $100 mark. The two addresses of “Abraxas Capital,” which has the largest on-chain crude oil positions, turned from a loss to a profit on their short positions; their total unrealized gains expanded to $4.0 million, with a position size of $144 million. The main positions are as follows:

BRENTOIL short (5x leverage): total size $92.0 million, average price about $103;

WTICRUDE short (5x leverage): total size $52.0 million, average price about $98.3.

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