According to CoinMeta, the Abraxas Capital main address reduced its ETH short position by 1,321.25 coins, which is approximately equivalent to $2,565,647.10 at the current coin price. The total holding value of this account is $60,735,711.27, with an average price of $1,881.02. The current profit and loss is -$1,675,977.91, representing a loss ratio of -13.80%. The current price of ETH is $1,934.40, while the liquidation price is $3,149.90. 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.