According to CoinMeta, the Abraxas Capital main address recently reduced its short position in ETH by 1,275.78 coins, which is approximately equivalent to $2,437,623.95. The current holding size of this account is $54,624,243.15, with an average price of $1,877.00. The current profit and loss is -$1,022,241.52 (-9.36%), the current coin price is $1,912.80, and the liquidation price is $2,852.33. This account has held large short positions since May and was once the largest contract holder for HyperLiquid, with a holding size reaching $920 million in November.