According to CoinMeta, the main address Abraxas Capital recently reduced its short position in HYPE by 5,594.29 units, which is approximately $2.11 million. The current holding size of this address is $72,824,454.22, with an average price of $68.10. At present, the profit and loss is -$11,612,204.12, resulting in a loss rate of -79.73%. The current price of HYPE is $81.02, while the liquidation price is $169.01. This address has been holding large short positions since May; previously, it was the whale with the largest contract funding scale for HyperLiquid. Starting from November, it began to take profits continuously, and the holding size once reached $920 million.