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Gold Oil Bear "Abraxas Capital" Rolls Over to Short GOLD, Nearly $4 Million, Position Increases to $21.2 Million

2 hours ago

March 25 — Per HyperInsight monitoring data, the Abraxas Capital sub-address (0xb83d...) has incrementally expanded its GOLD short position over the past hour, adding nearly $4 million in holdings. Following this increase, its 5x leveraged CL short position now stands at $21.25 million, with the average entry price dropping from $5187 to $4796. The current GOLD price is $4587, leaving the position with ~$980k in unrealized gains (12% return) and a liquidation price of $6144. Notably, this short position was significantly expanded when gold traded around $4850 (hitting the prior decline’s high). The address also holds a $25 million BRENTOIL short position, with $2.95 million in unrealized gains.
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