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Abraxas Capital, a $160M Crude Oil Short, Takes Profit and Closes Out, Realizing a $10.15M Gain

2 hours ago

**Hyperliquid: Top Oil Short Whale (Abraxas Capital) Closes $160M Positions for ~$10.15M Profit (April 10)** Per Hyperinsight monitoring (via Telegram @HyperInsight), two addresses linked to Abraxas Capital—Hyperliquid’s largest crude oil short institution—fully closed their ~$160 million short positions in WTIOIL and BRENTOIL early this morning. The exits occurred at ~$95 (WTIOIL) and ~$95.5 (BRENTOIL), yielding a total profit of ~$10.15 million. Post-liquidation, the whale has no large new positions open. Its key holdings now include: - A $20.5 million BTC long position - A $30.8 million GOLD short position **Context**: The addresses began building massive crude shorts on March 26, with positions peaking at $160 million. After recent ceasefire news, the whale’s ~$9.7 million floating loss flipped to profit—climbing to nearly $10 million at one point—prompting it to take profits yesterday afternoon. **Addresses**: 1. 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 2. 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36
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