Abraxas Capital's gold short positions reach $30.1 million

According to HyperInsight monitoring, Abraxas Capital has been continuously increasing its short position on the gold-mapped contract xyz:GOLD via sub-address 0xb83 on the Hyperliquid platform. The total position size has reached $30.1 million, with the average holding price adjusted upward from $4,786 to $5,281, and the liquidation price at $6,989. The current unrealized profit is approximately $680,000. Over the past three days, this address deposited $7.5 million to expand its short position, with a significant increase in holdings early this morning and partial profit-taking in the past two hours. Additionally, this address holds about $6.85 million worth of XAUT spot assets on-chain. Abraxas Capital’s total position size has decreased from the peak of $920 million last November to around $40 million.