According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 35.79 coins, which is approximately $2.29 million. The current holding size is $8.59 million, with an average price of $64,110.90. The current profit and loss is -$73,749.09 (-4.29%), the current coin price is $64,665.96, and the liquidation price is $267,038.43. This address has held large short positions since May; previously, it was the whale with the largest contract funding size for HyperLiquid. Starting in November, it began to take profits continuously, and the holding size once reached $920 million.