Abraxas Capital’s two largest crude oil short positions on Hyperliquid expanded to a combined unrealized loss of $9.7 million, according to Hyperinsight. The firm’s total short exposure across Brent and WTI reached about $159 million, with average entry prices near $103 for Brent and $98.6 for WTI. Hyperinsight said the losses widened as oil prices climbed on reduced expectations for a ceasefire. This update adds a new attribution and marks a shift from earlier reports focused on a 0x965-linked whale’s repeated liquidations and re-entry into highly leveraged crude positions on Hyperliquid.