According to CoinMeta, the floating loss on the HYPE short position of the Abraxas Capital main address has expanded to $16,867,682.98, with a loss ratio of 106.85%. The average price of this address is $68.01, the current coin price is $86.50, the liquidation price is $163.31, and the holding size is $78,930,575.45. This address has been building a large short position since May; previously, it was the whale with the largest contract capital size for HyperLiquid. Since November, it has been continuously taking profits, and the holding size once reached $920 million.