According to CoinMeta, the floating loss on the BTC short position of the Abraxas Capital main address has narrowed, decreasing from $15.0744 million (-60.26%) to $12.9906 million (-52.81%). The average price of this address is $69,889.00, the current coin price is $78,142.99, the liquidation price is $137,114.86, and the holding size is $123 million. This address began building positions in May and was once the largest contract capital holder for HyperLiquid, with a holding size reaching $920 million starting in November.