Abraxas Capital opens a nearly $14 million crude oil 10x leveraged short position on Hyperliquid

On March 17, according to Lookonchain, hedge fund Abraxas Capital recently shorted crude oil on the Hyperliquid platform. In the past 13 hours, it opened 146,601 xyz:CL contract short positions with 10x leverage, with a notional value of approximately $13.98 million. On-chain data shows that its associated address 0x5b5d has accumulated profits of about $166 million on Hyperliquid.