Abraxas Capital Increases Short Position in Gold Futures

On March 25, Abraxas Capital significantly increased its short position in gold futures, according to BlockBeats On-chain Detection. Hyperinsight monitoring revealed that the sub-address (0xb83d…) rolled over its short positions, accumulating nearly $4 million in additional holdings. Following this increase, the total size of its 5x leveraged short position in CL futures rose to $21.25 million, with the average holding price dropping from $5,187 to $4,796. The current price of GOKD stands at $4,587, resulting in an unrealized profit of approximately $980,000 and a return rate of 12%. The liquidation price is set at $6,144. Previously, the short position was significantly increased when the gold price was around $4,850, coinciding with the peak of the last downward trend. Additionally, Abraxas Capital holds a $25 million short position in BRENTOIL (Brent crude oil), with an unrealized profit of $2.95 million.