According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 24.61 coins, which is approximately $2.01 million. The current holding size of this account is $57,999,031.58, with an average price of $62,955.40. The current profit and loss is -$4,972,493.31 (-42.87%), the current coin price is $68,858.96, and the liquidation price is $112,143.39. 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.