According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 54.98 coins, which is approximately $2.2058 million. The current holding size of this account is $62.348 million, with the average price slightly dropping from $62,955.50 to $62,955.40. The current profit and loss is -$1.1686 million, representing a loss of -9.37%. The current price of BTC is $64,157.96, while the liquidation price is $105,768.21. 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 since November.