According to CoinMeta, the Abraxas Capital main address increased its holdings of ETH short positions by 968.28, which is approximately $2.0973 million. The total holding size of this account has reached $102 million, with the average price adjusted from $2,015.88 to $2,025.22. The current profit and loss is -$16.6459 million, representing a profit and loss ratio of -81.70%. The current price of ETH is $2,420.79, while the liquidation price is $3,945.26. This account began building positions in May and was once the largest contract capital holder for Hyperliquid, with a holding size reaching $920 million starting from November.