BlockBeats News, March 26 — According to Hyperinsight monitoring, the expectations for a ceasefire in the US-Iran negotiations have repeatedly fluctuated, but both US and Brent crude oil prices surged within the day. Against this backdrop, the top two addresses holding on-chain positions in Brent crude oil, “Abraxas Capital,” significantly increased their holdings. Over the past hour, both addresses added to their positions simultaneously, with a short-term increase in short positions totaling $16 million, at an average entry price of approximately $99.6.
After this round of accumulation, the combined short positions now amount to $66.4 million, with an average price of about $103, and a liquidation price average of $140. Due to the short-term rise in oil prices, unrealized gains have narrowed from $3 million to $2.2 million.
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