$BTC Is It About to Crash Strongly?- Long Keeper Beware 🔴📉
Just 4 hours ago, an extremely important signal appeared after nearly 2 weeks of silence. Specifically, the wallet address of #Abraxas Capital has made a move to transfer 1,000 BTC (total value 96.9 million USD) to exchange #Kraken .
Notably, this is the first time this wallet has transferred BTC to an exchange in nearly 3 months. This BTC was accumulated by Abraxas from the bottom of 74k and was withdrawn to a storage wallet on April 15-18 before a strong surge a few days later. Looking back in the past, Abraxas’s transfers of BTC to exchanges often coincide with strong corrections in the market. ( image )
Previously, Abraxas had accumulated 2,983 BTC, and today, this wallet continues to transfer 1,000 BTC to the exchange for distribution. Currently, this wallet still holds 1,983 BTC with a total value of 191 million USD.
Although it is still unclear whether Abraxas is optimizing short-term profits or intends to distribute all the BTC previously accumulated, this is certainly an important signal indicating that BTC may enter a period of strong correction after a continuous growth period.