Abraxas Capital reduces ETH short positions to $18.06 million

On February 2nd (UTC+8), according to Hyperinsight monitoring, Abraxas Capital's main address (0x5b5d...) reduced its holdings of 1348.11 ETH short positions worth approximately $3.0076 million. After the operation, the total value of ETH short positions at the address decreased to $18.0584 million, with a current floating profit of approximately $7.2781 million, a yield of 403.03%, an average position price of $3202.42, and a liquidation price of $5967.56. This address has established large short positions since May and was once the largest contract whale of Hyperliquid funds. Since November, it has continued to take profits and its holdings have significantly reduced from a peak of $920 million.