According to CoinMeta, the Abraxas Capital main address increased its short position by 583.30 coins on META, which is approximately equivalent to $305,928.30. The total position size reached $3,469,540.48, with the average price dropping from $598.79 to $597.98. Currently, the profit and loss is +$60,291.57 (+8.69%), the current price is $587.77, and the liquidation price is $4,659.35. This account has been building positions since May and was once the largest contract capital holder for HyperLiquid. Starting in November, it began to take profits continuously, with the position size reaching up to $920 million at one point.