Mr-Quit123
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Bearish
Read urgently!
Detection of unusual behavior by Abraxas Capital 6 hours ago while the market is deep in red
As you may know, Abraxas Capital is a well-known MM with impressive reversal trades proven through numerous successful buy low sell high instances in the fund's past
6 hours ago, the fund borrowed USDC by collateralizing USDS on MakerDAO on SKy
After that, the USDC borrowed was quickly deposited on Binance (the total amount deposited by the fund on #Binance yesterday reached $18M)
It can be seen that, in the current fiery red market context, Abraxas Capital is setting up a large buy position for a certain token
The team predicts that it is $ETH because in the current holdings of Abraxas Capital, there is a large amount of $WSTETH, $AWETH,...
The current market is in a phase of transformation from a prolonged downtrend since the beginning of December 2024 to the present moment, March 31, 2025
Therefore, the fact that large funds like Abraxas Capital are actively buying hot items at low prices is a story we see every day on-chain
Make sure you understand what you are investing for, during a big wave, everything will definitely be very crazy.
$BTC
$ETH
$BNB
Detection of unusual behavior by Abraxas Capital 6 hours ago while the market is deep in red
As you may know, Abraxas Capital is a well-known MM with impressive reversal trades proven through numerous successful buy low sell high instances in the fund's past
6 hours ago, the fund borrowed USDC by collateralizing USDS on MakerDAO on SKy
After that, the USDC borrowed was quickly deposited on Binance (the total amount deposited by the fund on #Binance yesterday reached $18M)
It can be seen that, in the current fiery red market context, Abraxas Capital is setting up a large buy position for a certain token
The team predicts that it is $ETH because in the current holdings of Abraxas Capital, there is a large amount of $WSTETH, $AWETH,...
The current market is in a phase of transformation from a prolonged downtrend since the beginning of December 2024 to the present moment, March 31, 2025
Therefore, the fact that large funds like Abraxas Capital are actively buying hot items at low prices is a story we see every day on-chain
Make sure you understand what you are investing for, during a big wave, everything will definitely be very crazy.
$BTC
$ETH
$BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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