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Gold and oil short positions: 'Abraxas Capital' rolls shorts on GOLD, amassing nearly $4 million in short exposure, with total position size rising to $21.2 million

Gold and oil short positions: 'Abraxas Capital' rolls shorts on GOLD, amassing nearly $4 million in short exposure, with total position size rising to $21.2 million

2026-03-25 10:33

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ChainThink News, March 25: According to Hyperinsight monitoring, over the past hour, the "Abraxas Capital sub-address" (0xb83d...) rolled its short position on GOLD (Gold) repeatedly, accumulating nearly $4 million in additional exposure.


After this addition, its total position size for 5x leveraged CL shorts has risen to $21.25 million, with the average entry price dropping from $5,187 to $4,796. The current GOKD price stands at $4,587, resulting in an unrealized profit of approximately $980,000, representing a return rate of 12%, with a liquidation price set at $6,144.


Notably, this short position was heavily increased when gold prices were around $4,850, timing the peak of the previous downtrend. The address currently also holds $25 million in short positions on BRENTOIL (Brent Crude), with an unrealized profit of $2.95 million.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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