Cut from 920 million down to less than 7 million, this short position is holding on pretty tightly.

CryptoWorld News: Abraxas Capital’s main address increased its HYPE short position by 16,010.45 tokens, worth approximately $2,017,338.38. The current position size is $6,889,497.73, with an average entry price ranging from $41.43 to $43.63. Its current profit and loss is -$1,710,512.27 (-124.14%), with the current coin price at $58.05 and the liquidation price at $172.12. This address has been building its position since May; it was once the whale with the largest contract funding size on HyperLiquid. Starting in November, it has been continuously taking profits, with the position size once reaching $920 million.