$ETH Odaily Planet Daily - According to monitoring data from Lookonchain, the investment fund Abraxas Capital has made a series of notable transactions in the past 24 hours:

  1. Abraxas Capital:

    • Withdrawn 48,823 ETH (worth ~1.26 billion USD) from two major centralized exchanges:

      • Binance

      • Kraken

  2. Suspicious Wallet Related to Matrixport:

    • At the same time, a wallet address believed to be associated with Matrixport also withdrew:

      • 40,734 ETH (worth ~1.04 billion USD)

      • From Binance and OKX

Analysis:

  • The large-scale ETH withdrawal from CEX exchanges may signal:

    • Long-term accumulation strategy of institutional funds

    • Preparation for ETH derivative products

    • Optimistic signals about ETH price in the medium term