🚨 Abraxas is continuously transferring $BTC to the exchange - Correction signal?

In just the past 6 days, 2 wallet addresses of Abraxas Capital, bc1qp and bc1qc, have transferred a total of 3764 $BTC equivalent to 394M$ to the Kraken exchange.

Carefully check their similar behaviors in the past, as most of the $BTC transfer cycles to the distribution exchange precede market corrections in the short term. Will this time be different?

Remember, Abraxas also owns 2 wallet addresses that are still holding Short Hedging positions with profits reaching tens of millions of USD yet to be realized🧐

📉 #BTC #AbraxasCapital #OnchainData #WhaleAlert #CryptoMarket #HedgingMoves