According to CoinMeta, the Abraxas Capital main address recently reduced its holdings of GOLD short positions by 281.87, which is approximately equivalent to $1.19 million at current prices. The current holding size is $34,835,624.15, with an average price of $4,191.43 per position. As of now, the net loss on these short positions is -$1,124,870.68, representing a loss percentage of -12.92%. The liquidation price for this account is $15,474.39. Abraxas Capital began building its position in May; prior to that, it was the whale investor with the largest contract funding scale for HyperLiquid. Starting in November, this account began taking profits, and its holding size once reached $920 million.