According to CoinMeta, the Abraxas Capital main address recently reduced its short position in HYPE by 33,509.39 coins, which is approximately $2.16 million. The current holding size of this address is $22,357,774.39, with an average price of $59.85. The current profit and loss is +$2,362,425.75 (+52.83%), the current coin price is $54.08, and the liquidation price is $117.07. This address began to build a large short position in May; previously, it was the whale with the largest contract funding scale for HyperLiquid. Since November, it has been continuously taking profits, and the holding size once reached $920 million.