🚨 #Abraxas Capital continues to 'reload' Stablecoin before the new week – Is another storm about to hit?
Just an hour ago, the notorious financial organization Abraxas Capital executed a series of frantic DeFi actions that piqued the community's curiosity:
🔹 Withdrew 6.4 million USDT from two major lending protocols: AAVE V3 and Compound V3
🔹 Borrowed an additional 26.5 million USDT from #AAVE V3
🔹 And immediately deposited the entire 33 million USDT onto two CEX exchanges: Bitfinex and Kraken
📉 This is not the first time Abraxas has made moves like this — and history shows that each time this organization 'pumps' stablecoin onto exchanges, the market often faces downward pressure right after
Abraxas's familiar action model:
1. Borrow a large amount of stablecoin → deposit onto exchanges
2. Open a short position → create price pressure
3. After the market adjusts → withdraw USDT back to wallet → repay debt
4. The market... rebounds strongly right after
With the market preparing to enter a week full of volatility (#FED , #CPI , ETF rumors...), it's not out of the question that Abraxas is 'sensing' some opportunity
💡 If the old pattern holds true, then the early week drop could very well be a familiar 'wave-making' signal, before the market rebounds strongly afterward
