According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 11.97 coins, which is approximately equivalent to $778,369.66. The current holding size of this account is $2,981,693.09, with an average price of $64,110.90. The current profit and loss is -$26,598.53 (-4.46%), the current coin price is $64,687.96, and the liquidation price is $650,561.25. This account has held large short positions since May and was once the largest contract holder for HyperLiquid, with a holding size reaching $920 million in November.