According to CoinMeta, the main address Abraxas Capital reduced its short position in HYPE by 8,104.13 coins, which is approximately equivalent to $2,095,819.72. The current holding size of this address is $74,939,313.58, with an average price ranging from $68.01 to $68.10. The current profit and loss is -$13,346,078.39 (-89.05%), the current coin price is $82.86, and the liquidation price is $158.85. This address has held large short positions since May and was once the largest contract holder for HyperLiquid. Starting from November, it began to take profits continuously, with a holding size that once reached $920 million.