According to CoinMeta, the Abraxas Capital main address recently increased its short position in BTC by 32.99 coins, which is approximately $2.0875 million. The total holding size of this account has reached $54.1242 million, with the average price adjusted from $62,935.30 to $62,939.60. Currently, the account's profit and loss is -$93,889.81, representing a loss ratio of -0.87%. The current price of BTC is $63,048.97, while the liquidation price is $106,789.22. This account has been holding large short positions since May; previously, it was the whale with the largest contract funding size for HyperLiquid. Starting from November, the account began to take profits, and its holding size once reached $920 million.