Gate News reports that on March 18, international oil prices retreated, with WTI crude oil (West Texas Intermediate) falling over 3% intraday and Brent crude oil dropping more than 2%. The Hyperliquid platform CL (WTI crude oil) contract price subsequently fell below the $93 mark, currently at $92.4. This decline caused the two addresses of the on-chain largest crude oil short seller, Abraxas Capital, to turn losses into profits. The institution began building positions gradually from the evening of the 16th and continued to add to them until last night, with a total position size of $27.8 million. Among them, the main address (0x5b5) holds a 10x leveraged CL short position worth $13.5 million, with an average price of $93.1, and an unrealized profit of $120,000; the sub-address (0xb83) holds a 10x leveraged CL short position worth $14.3 million, with an average price of $93.3, and an unrealized profit of $170,000.
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