On March 17, according to Lookonchain monitoring, Abraxas Capital opened a 10x leveraged short position on crude oil (CL) on the decentralized perpetual contract platform Hyperliquid within the last 13 hours. The position involved 146,601 contracts, with a notional value of approximately $13.98 million. The associated wallet address 0x5b5d has accumulated a historical profit of $165.94 million on Hyperliquid.