Just as we suspected, Abraxas Capital borrowed $USDT to buy more $ETH.

When we posted, $ETH was at $2,460, now it has broken above $2,700—up ~10%!

Over the past week, Abraxas Capital has bought 242,652 $ETH($561M).

https://intel.arkm.com/explorer/entity/abraxas-capital-heka-funds

https://x.com/lookonchain/status/1922153868999139652