Data: The top short position in on-chain crude oil, "Abraxas Capital," continues to take profits, with the "short oil long crypto" portfolio achieving a weekly profit of 12 million

According to monitoring by Hyperinsight, the largest short-selling institution for crude oil on the Hyperliquid platform, "Abraxas Capital," saw a significant recovery in its two addresses nearly a week after the ceasefire news, with funds rebounding over 12 million dollars. The "short oil long crypto" portfolio position successfully turned from a previous unrealized loss of 9.7 million dollars to a profit. As of the time of writing, the two addresses continue to synchronize profit-taking and reduce positions, with the current unrealized profit still reaching 8.7 million dollars.

After this round of position reduction, the total position size still reaches 152 million dollars, of which the combined short positions in WTI and Brent crude oil amount to approximately 126 million dollars, and the total long positions in the crypto market amount to about 26.1 million dollars. The details of the crude oil short positions are as follows:

BRENTOIL short position (5x leverage): size reduced from 92 million dollars to 78 million dollars, average price approximately 96 dollars;

WTICRUDE short position (5x leverage): size reduced from 51 million dollars to 48.5 million dollars, average price approximately 95 dollars.