According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 39.64 coins, which is approximately $2.469 million. The current holding size of this account is $10.8844 million, with an average price of $64,110.90 per coin. The current profit and loss is -$71,370.30, while the current coin price is $64,534.06, and the liquidation price is $224,973.25. This account has held large short positions since May and was once the largest contract holder for HyperLiquid, with a holding size reaching $920 million in November.