According to CoinMeta, the Abraxas Capital main address has newly opened a MU short position, with a position size of 3,434.70 coins. The opening price was 879.42 US dollars, the current coin price is 884.48 US dollars, and the liquidation price is 7,995.28 US dollars, resulting in a holding value of approximately 3,037,922.57 US dollars. This account began building positions in May; prior to that, it was the whale holder with the largest contract capital size for HyperLiquid. Starting from November, the account continuously took profits, and at one point, the holding size reached 920 million US dollars.