According to CoinMeta, the Abraxas Capital main address recently reduced its short position in ETH by 3,850 coins, amounting to approximately $6.89 million. The current holding size of this address is $47,729,400.26, with an average price of $1,877.00. As of now, the profit and loss is -$1,353,863.03 (-14.18%), the current coin price is $1,931.80, and the liquidation price is $2,988.29. This address has held large short positions since May and was once the largest contract holder for HyperLiquid, with a holding size reaching $920 million in November.