According to CoinMeta, the floating loss on the ETH short position of the Abraxas Capital main address has narrowed, decreasing from a previous $16.606 million (a loss of 79.88%) to $14.397 million (a loss of 70.72%). The average price of this address is $2,033.48, the current coin price is $2,368.50, the liquidation price is $3,862.34, and the holding size is $101.78 million. This address established a large short position since May and was once the largest contract capital holder for HyperLiquid, with the holding size reaching $920 million in November.