According to CoinMeta, the Abraxas Capital main address reduced its HYPE short position by 37,165.22 coins, which is approximately $2 million. The current holding size is $20,356,214.35, with an average price of $59.80. The current profit and loss is +$2,141,572.06 (+52.60%), and the current coin price is $54.11, while the liquidation price is $112.66. This account began building positions in May and was once the largest contract fund holder for HyperLiquid, with a holding size reaching $920 million in November before continuously taking profits.