According to CoinMeta, the Abraxas Capital main address recently increased its short position in ETH by 679.95 coins, which is approximately $2 million. Currently, the holding size of this account is $58,794,392.04, with the average price adjusted from $1,878.08 to $1,878.32. The current profit and loss is -$676,704.10 (-5.75%), the current coin price is $1,900.19, and the liquidation price is $3,141.76. This account has been holding large short positions since May; previously, it was the whale with the largest contract funding scale for HyperLiquid. Starting in November, it began to take profits, and the holding size once reached $920 million.