Abraxas Capital-linked wallets increased two on-chain Brent crude short positions by nearly $26 million, taking combined BRENTOIL exposure on Hyperliquid to more than $92 million. The two top addresses now hold the positions at an average entry price near $103, with an average liquidation price of $137. As of around 4 a.m. today, the positions showed a combined $2.6 million unrealized profit. The update adds to earlier reports that the linked wallets had already expanded their Brent oil shorts to $66.4 million.