Data: "Abraxas Capital" averaged down and increased short positions on WTI crude oil, with position size rising to $14.96 million

ZkProver · 2026-03-17T11:32:16+00:00

Hyperinsight detected that the "Abraxas Capital sub-address" increased its CL short position by 25,100 units, valued at approximately $2,905,500, with total holdings reaching $14,962,500. Currently, there is an unrealized loss of about $514,300, and the liquidation price is $144.39. This address was previously a contract whale on the Hyperliquid platform.

ZkProver

2026-03-17 11:32:16

Abstract generation in progress

ChainCatcher reports that, according to Hyperinsight monitoring, in the past hour, the “Abraxas Capital sub-address” (0xb83d…) has closed some of its CL (WTI crude oil) short positions, adding 25,100 CL short contracts worth approximately $2.9055 million.

After this increase, its total CL short position size rose to $14.9625 million, with the average holding price passively lifted from $92.88 to $93.39. The current CL price is $96.72, and this position has an unrealized loss of about $514,300, a loss of 6.48%, with a liquidation price at $144.39.

This address was previously the largest whale holding on Hyperliquid, with peak holdings exceeding $900 million. On-chain data shows it currently holds 34,000 BTC (about $2.34 billion) and is engaged in large-scale trading on the Hyperliquid platform.

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