According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 29.20 coins, which is approximately equivalent to $2,028,705.39. The current holding size of this account is $58,157,422.38, with an average price of $62,955.40. The current profit and loss is -$1,520,032.33 (-13.07%), the current coin price is $64,644.96, and the liquidation price is $114,673.26. This account has held large short positions since May and was once the largest contract capital holder for HyperLiquid. Starting in November, it began to take profits, and the holding size once reached $920 million.