According to CoinMeta, the Abraxas Capital main address recently reduced its gold short position by 275.28 lots, which is approximately $1,191,544.38. The current holding size is $33,644,079.76, with an average price of $4,191.43 and a current profit and loss of -$1,087,146.41, representing a loss margin of -12.93%. The current gold price is $4,331.39, while the liquidation price is $16,107.06. This account established a large short position since May and was once the whale with the largest contract funding scale for HyperLiquid. Starting from November, it began to take profits continuously, with the holding size reaching up to $920 million.