Data: "Abraxas Capital" is optimistic about the expectations for US-Iran negotiations, significantly increasing its position with a $16 million short position as oil prices rebound
According to monitoring by Hyperinsight, the expectations for a ceasefire in the US-Iran negotiations have fluctuated, while both WTI and Brent crude oil prices surged during the day. Against this backdrop, the top two addresses on the Brent crude oil chain, "Abraxas Capital," significantly increased their positions. In the past hour, both addresses simultaneously added to their short positions, with a total increase of $16 million, at an average purchase price of approximately $99.6.
Following this round of increased positions, the total size of the two short positions has risen 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, the floating profit has narrowed from $3 million to $2.2 million.
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