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[Abraxas Capital Closes Approximately $240 Million in ETH Short Positions and Increases HYPE Holdings] On December 17, the address labeled as Abraxas Capital has been continuously closing ETH short positions. Since November, Abraxas Capital has been taking profits, reducing its position size from approximately $267 million to $26.54 million, with a total of about $240 million in closed positions. Over the past 20 hours, the address closed approximately $9.7 million at $2,932 and subsequently allocated part of the funds to increase HYPE spot holdings, currently holding approximately $47.5 million in HYPE.