Abraxas Capital’s two WTI-related short positions on Hyperliquid turned profitable after WTI fell below $93. According to the new update, the firm built $27.8 million in 10x leveraged CL short positions from March 16 through last night. Its main address showed about $120,000 in unrealized profit, while a sub-address showed about $170,000. This adds to earlier reports citing smaller or differing position sizes on Hyperliquid, so the reported figures now indicate a larger combined short exposure than previously described.