"Abraxas Capital" US and Brent crude oil short positions have been increased to $136 million, with an unrealized loss of $7.2 million.

BlockBeatNews · 2026-03-30T02:35:50+00:00

This weekend, Abraxas Capital increased its short positions in WTI and Brent crude oil again, adding a total of over $44 million. The short positions in WTIOIL and BRENTOIL reached $17 million and $50 million respectively, but due to rising oil prices, their holdings have an unrealized loss of $7.2 million.

BlockBeatNews

2026-03-30 02:35:50

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BlockBeats news, on March 30, according to monitoring by Hyperinsight, this weekend, the largest short position in on-chain crude oil, “Abraxas Capital,” once again significantly increased its short positions in WTI crude oil and Brent crude oil. Two addresses simultaneously added to their positions, accumulating over $44 million in increases, with average add-on prices for WTIOIL and BRENTOIL at $102 and $108 respectively, and the scale of short positions increased by approximately 48% compared to Friday.

As a result of this round of accumulation, the two addresses now hold short positions in WTIOIL each exceeding $17 million, while the BRENTOIL short positions each exceed $50 million, raising the total position size to $1.36 billion. Due to the continuous rise in crude oil prices, the positions of these addresses have turned from profit to loss, with a total unrealized loss of $7.2 million.

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