Abraxas Capital's short oil multi crypto portfolio earns $12 million weekly profit

On April 9th, Hyperinsight monitoring showed that Abraxas Capital, the largest short seller of crude oil on the Hyperliquid platform, saw a book value rebound of over $12 million in the past week after the ceasefire news. The "short oil long crypto" portfolio position turned from a floating loss of $9.7 million to a profit. As of press time, the two addresses have continued to take profit and reduce positions, with a floating profit of $8.7 million on paper and a total holding size of $152 million. Among them, the total short positions in the US and Brent crude oil markets are $126 million, and the long positions in the cryptocurrency market are $26.1 million.