According to CoinMeta, the floating loss on the BTC short position of the Abraxas Capital main address has narrowed, decreasing from an initial $14.8042 million (-57.19%) to $12.4153 million (-48.83%). The average price of this address is $70,220.40, the current coin price is $77,819.80, the liquidation price is $137,753.63, and the position size is $127 million. This address has held large short positions since May; previously, it was the whale with the largest contract capital size for HyperLiquid. Starting in November, it began to take profits continuously, and the position size once reached $920 million.