[The Largest On-Chain Crude Oil Short Institution 'Abraxas Capital' Loses Nearly $10 Million, Total Position at $159 Million] BlockBeats News, April 2: According to monitoring by Hyperinsight, ceasefire expectations fell through, leading to a rise in oil prices. The combined unrealized loss of the two addresses belonging to the largest crude oil position holder on Hyperliquid, 'Abraxas Capital,' has expanded to $9.7 million. These addresses aggressively rolled over and increased short positions at low levels last night and early this morning. Currently, the total scale of U.S. and Brent crude oil positions has reached $159 million, including: - 5x BRENTOIL short positions: scale of $102 million, average price around $103 - 5x WTIOIL short positions: scale of $56.99 million, average price around $98.6.