Holding this short position is really intense—cutting it from 920 million to 18 million and still stubbornly holding on; if HYPE jumps another 40%, liquidation is right around the corner.

CryptoWorld News: The short position on HYPE at Abraxas Capital's main address is experiencing increasing unrealized losses, currently at -$2,019,804.39 (-54.59%), with an average price of $57.66, the current token price at $64.73, liquidation price at $103.87, and a position size of $18,499,083.77. This address has been building a position since May and was once the largest whale in HyperLiquid's contract fund size, continuously taking profits since November, with the position size reaching $920 million.