According to CoinMeta, the Abraxas Capital main address recently reduced its BTC short position by 32.74 coins, which is approximately equivalent to $2,175,610.75. The current holding size of this account is $55,981,811.63, with an average price of $62,955.40. As of now, the profit and loss is -$1,405,732.93, representing a loss percentage of -12.56%. The current coin price is $64,576.96, while the liquidation price is $117,151.51. This account has held large short positions since May and was once the largest contract holder for HyperLiquid, with a holding size reaching $920 million since November.