According to CoinMeta, the Abraxas Capital main address increased its holdings of HYPE short positions by 54,491.78 coins, which is approximately $2.07 million. The current holding size of this account is $24,518,619.15, with the average price dropping from $60.52 to $59.85. The current profit and loss is +$2,227,928.76 (+45.43%), the current coin price is $54.86, and the liquidation price is $119.49. This account began building positions in May and was once the largest contract capital holder for HyperLiquid. Starting in November, it started taking profits, and the holding size once reached $920 million.