Gold Oil Bear "Abraxas Capital" Rolls Over to Short GOLD, Nearly $4 Million, Position Increases to $21.2 Million
BlockBeats News, March 25th, according to Hyperinsight monitoring, in the past 1 hour, the "Abraxas Capital sub-address" (0xb83d...) has successively rolled its GOLD short position, increasing its holdings by nearly $4 million.
After this increase, its 5x leveraged CL short position has risen to $21.25 million, with an average position price dropping from $5187 to $4796. The current GOKD price is $4587, and the position has an unrealized gain of about $980,000, with a 12% return rate and a liquidation price at $6144.
It is reported that this short position had significantly increased its position when the gold price was around $4850, hitting the high of the previous decline, and it currently also holds a $25 million BRENTOIL short position, with a $2.95 million unrealized gain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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