#ETH Abraxas Capital Mgmt continues to increase its position, having withdrawn a total of 94,938 ETH worth over $236 million in the last 72 hours.

#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.
In the past 7 hours, this institution again withdrew 3,213 ETH from Binance exchange, with a total purchase value of approximately $7.74 million, at an average price of $2,409 per ETH.
According to on-chain data, the institution Abraxas Capital Mgmt has withdrawn a total of 92,038 ETH in the past 60 hours, with a current total value of approximately $224 million.

The fund's path further indicates that it is constructing a leveraged accumulation strategy by depositing ETH into lending platforms to borrow stablecoins and then repurchasing ETH, correlating to a total holding of 387,562 ETH, worth approximately $946 million. This reflects a strong bullish outlook on the medium to long-term trend of the ETH market.