Gold and crude oil short seller "Abraxas Capital" rolls over short position on GOLD for nearly $4 million, with position size increasing to $21.2 million

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Mars Finance News: On March 25, according to Hyperinsight monitoring, over the past hour, “Abraxas Capital sub-address” (0xb83d…) has been continuously rolling over its GOLD short positions, adding nearly $4 million in total. After this increase, its 5x leveraged CL short position reached a total of $21.25 million, with an average entry price dropping from $5,187 to $4,796. Currently, the GOKD price is $4,587, with an unrealized profit of about $980,000 and a return of 12%. The liquidation price is $6,144. It is reported that this short position was heavily increased when gold was around $4,850, catching the high point of the previous decline. Additionally, it still holds a $25 million BRENTOIL short position, with an unrealized profit of $2.95 million.

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