According to CoinMeta, the floating loss on the BTC short position of the Abraxas Capital main address has narrowed from $17.5346 million (-68.83%) to $15.4361 million (-61.61%). The average price of this address is $69,877.90, the current coin price is $79,697.98, the liquidation price is $132,707.08, and the position size is $125 million. The large short position of Abraxas Capital was established in May; previously, this account was the largest contract holder (whale) for HyperLiquid. Since November, this account has been taking profits continuously, and the position size once reached $920 million.