#ETH Abraxas Capital Mgmt has continuously increased its holdings, withdrawing a total of 92,038 ETH worth over $224 million in the past 60 hours.

#ETH Abraxas Capital Mgmt continues to increase its holdings, having withdrawn a total of 88,825 ETH worth over $200 million in the past 55 hours.
In the last 2 hours, the institution again withdrew 1,444 ETH from Binance exchange, with a total purchase value of approximately $3.39 million, at an average price of $2,347 per coin.
On-chain data shows that the institution Abraxas Capital Mgmt has withdrawn a total of 88,825 ETH in the past 55 hours, with a current total value of approximately $213 million.

The funding path of this institution further indicates that it is building a leveraged accumulation strategy by depositing ETH into lending platforms to borrow stablecoins and then repurchasing ETH, with a total holding of 384,349 ETH valued at $923 million. This shows a strong bullish sentiment towards the medium to long-term trend of the ETH market.