According to CoinMeta, the floating loss on the short position of HYPE at the main address Abraxas Capital has narrowed, decreasing from an initial $16.8677 million (-106.85%) to $14.8109 million (-96.33%). The current average price of HYPE is $68.01, the current coin price is $84.24, the liquidation price is $166.55, and the position size is $76.8737 million. This account began building positions in May and was once the largest contract holder for Hyperliquid, with a position size reaching $920 million in November.