According to CoinMeta, the floating loss on the ETH short position of the Abraxas Capital main address has expanded to $20.4159 million, with a loss ratio of 87.11%. The average price of this address is $2,064.38, while the current price of ETH is $2,499.89, and the liquidation price is $3,820.00. The holding size is $117.19 million. This address has been building a large short position since May; previously, it was the whale with the largest contract funding size for HyperLiquid. Since November, it has been continuously taking profits, and the holding size once reached $920 million.