According to CoinMeta, the Abraxas Capital main address increased its short position by 262,837,579 coins, which is approximately equivalent to $1,100,676.94. The current holding size of this account is $7,910,185.32, with the average price adjusted from $0.02413 to $0.02431. The current profit and loss is -$1,131,000.32, representing a loss ratio of -71.49%. The current coin price is $0.02503, while the liquidation price is $0.05. This account began building positions in May and was once the largest contract capital holder for HyperLiquid. Starting from November, it continuously took profits, with the holding size reaching up to $920 million.