Abraxas Capital has closed its significant short positions in crude oil, earning a profit of approximately $10.15 million. The firm, previously the largest short position holder on the Hyperliquid platform, liquidated around $160 million in WTIOL and BRENTOIL shorts at average prices of $95 and $95.5, respectively. Following this move, Abraxas Capital's primary holdings now include a $20.5 million long position in Bitcoin and a $30.8 million short position in gold, indicating a strategic shift in its investment focus.