According to CoinMeta, the floating loss on the ETH short position of the Abraxas Capital main address has narrowed, with the profit and loss decreasing from -22,613,851.43 USD (-90.03%) to -20,432,456.37 USD (-82.78%). The average price of this address is 2,085.69 USD, the current coin price is 2,499.51 USD, the liquidation price is 4,050.72 USD, and the position size is 123,414,228.17 USD. The large short position of Abraxas Capital was established in May; previously, this address was the largest contract holder for HyperLiquid. Since November, this address has been taking profits continuously, and the position size once reached 920 million USD.