According to CoinMeta, the main address Abraxas Capital increased its short position by 20,824,027 coins, which is approximately $2.15 million, bringing the total holding size to $15,166,246.91. The current profit and loss is +$1,265,375.32 (+41.72%). The liquidation price for this address is $0.03, while the current coin price is $0.02425. The large short position of Abraxas Capital began to be built in May; previously, this address was the whale with the largest contract funding scale for HyperLiquid. Starting from November, this address continuously took profits, and the holding size once reached $920 million.