-256% still alive, a $0 liquidation price must be cheating, right?

Gate.io News: Abraxas Capital’s main address recently reduced its long BTC position by 40.40 BTC, roughly amounting to $2.9088 million. The address’s total holdings are $11.6497 million, with an average price of $77,160.80, and the current profit and loss is -$2.9825 million (-256.02%). The current BTC price is $61,432.91, and the liquidation price is $0. Since May, the address has established large short positions. It was once the whale with the largest contract funds on HyperLiquid. Starting in November, it has continuously taken profits, with holdings that once reached $920 million.