Abraxas has opened this short position quite steadily—the average price is slightly fine-tuned, and the liquidation line has been pulled far away, suggesting strong confidence in a GOLD pullback.

CoinWorld News: Abraxas Capital's main address increased its short position by 132.05 GOLD, approximately $567,701.15, bringing the total holdings to $3,749,726.28. The average price was adjusted from $4,321.47 to $4,320.70. Currently, this short position has a profit and loss of +$5,215.06 (+0.56%), with the current price at $4,314.70 and a liquidation price of $17,082.46. This address started building positions in May and was once the largest whale in HyperLiquid's contract fund size, continuously taking profits since November, with holdings reaching as high as $920 million.