Abraxas Capital opens a 10x short position in crude oil on Hyperliquid, with a notional value of approximately $13.98 million.

GateNews

2026-03-17 09:49:15

Gate News Report, March 17 — According to on-chain analysis platform Lookonchain, Abraxas Capital opened a 10x leveraged short position on crude oil (CL, a traditional energy futures product) on the decentralized perpetual contract platform Hyperliquid within the past 13 hours. The position involves 146,601 contracts with a notional value of approximately $13.98 million. Its associated wallet address 0x5b5d has a total historical profit of $165.94 million on Hyperliquid.

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