#ETH Abraxas Capital Mgmt After increasing positions, this institution transferred 38,000 ETH to the exchange, suspected to be for sale

30 minutes ago, the institution withdrew 3,083 ETH from Binance, worth approximately $7.87 million at the time of withdrawal, with an average price of $2,552 per ETH.

Subsequently, it transferred 38,000 ETH to Bitfinex, valued at $96.8 million, suspected to be for sale.

Looking at the overall picture from the past two weeks, this institution withdrew a total of 321,181 ETH from various exchanges, with a total investment of approximately $770 million, and an average purchase price of $2,396 per ETH.

Currently, based on calculations from multiple related wallet addresses, the total amount of ETH held by Abraxas Capital Mgmt has reached 553,019 ETH, with an estimated total market value of approximately $1.418 billion at current prices.