According to CoinMeta, the Abraxas Capital main address recently reduced its short position in MU by 504.69 coins, earning approximately $439,038.62. The current holding size is $3,311,433.68, with an average price of $878.63, and the current profit and loss is +$58,831.21 (+8.88%). The liquidation price for this address is $7,227.92, and the address in question is 0x5b5d51203a0f9079f8aeb098a6523a13f298c060. Abraxas Capital has been building a large short position since May; previously, it was the whale with the largest contract funding scale for HyperLiquid. Starting in November, it began to take profits, and the holding size once reached $920 million.