According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 8.00 coins, which is approximately equivalent to $2,071,291.63. The current holding size of this account is $60,070,323.21, with an average price of $62,955.40. The current profit and loss is -$7,547,428.44 (-62.82%), the current coin price is $72,001.96, and the liquidation price is $125,307.61. This account started building positions in May and was once the largest contract capital holder for HyperLiquid, and has been taking profits continuously since November, with a holding size that once reached $920 million.