Data: "Abraxas Capital" averages down its long position in WTI crude oil, increasing its position size to 14.96 million dollars
According to monitoring by Hyperinsight, in the past hour, "Abraxas Capital sub-address" (0xb83d...) executed a smoothing operation on its CL (WTI crude oil) short position, increasing its holdings by 25,100 CL short contracts, valued at approximately $2.9055 million.
After this increase, its total CL short position size rose to $14.9625 million, with the average position price passively raised from $92.88 to $93.39. The current CL price is $96.72, and the position has an unrealized loss of approximately $514,300, with a loss percentage of 6.48%, and the liquidation price is $144.39.
This address was previously the largest whale in terms of contract holdings on Hyperliquid, with a peak holding size exceeding $900 million. On-chain data shows that it currently holds 34,000 BTC (approximately $2.34 billion) and conducts large transactions on the Hyperliquid platform.
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