This whale opened a short position in May and is now taking profits; a 221% return is indeed impressive, but the liquidation price of 3012 shows that their risk control is also solid.

CoinWorld News, Abraxas Capital's main address recently reduced its ETH short position by 1,354.32 coins, approximately $2,426,833.99. The position size of this address is $11,919,112.17, with an average price of $2,196.86, and current profit and loss of +$2,640,842.86 (+221.56%). The current coin price is $1,798.40, and the liquidation price is $3,012.44. Abraxas Capital's large short position was established in May; prior to that, it was the whale with the largest contract funds on HyperLiquid. Since November, this address has been continuously taking profits, with the position size previously reaching $920 million.