Abraxas Capital's short positions in crude oil have increased to $92 million, with a floating profit of $2.6 million.

CoinFeed reported on March 27th that, according to HyperInsight monitoring, the top two Brent crude oil open interest addresses, "Abraxas Capital," significantly increased their short positions again last night and this morning. Both addresses simultaneously added to their positions, accumulating nearly $26 million in new holdings at an average price of approximately $101 per unit. This represents a roughly 130% increase in short positions compared to yesterday morning. Following this round of increases, both addresses now hold over $40 million in short positions each, bringing their combined open interest to $92 million. The average price is approximately $103 per unit, with an average liquidation price of $137 per unit. After these gradual increases, by 4:00 AM today, the addresses had turned a profit, with a total unrealized gain of $2.6 million.