According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 34.32 coins, which is approximately $2.2134 million. The current holding size of this account is $23.4404 million, with an average price of $64,110.90. The current profit and loss is $591,490.23 (+12.62%), the current coin price is $62,532.96, and the liquidation price is $148,799.74. This account has held large short positions since May and was once the largest contract capital holder for HyperLiquid. Starting from November, it began to take profits continuously, and the holding size once reached $920 million.