On March 17, Abraxas Capital increased its position by 25,100 WTI crude oil short contracts on-chain, bringing total position size to $14.9625 million with an average price raised to $93.39. The position currently has a floating loss of approximately $514,300, with liquidation price at $144.39. This address was previously the largest position holder (whale) on Hyperliquid and currently holds 34,000 BTC.

On March 16, the on-chain address 0xa5b0's long positions achieved a total unrealized profit of $16 million with a position size of $203 million. This address holds the largest long positions for BTC and ETH on the Hyperliquid platform, with ETH long unrealized profit of $13 million and BTC long unrealized profit of $2.93 million. This address had previously established large-scale ETH long positions at the end of last year and is currently suspected to be associated with Matrixport.