$BTC Breaking alarm! Is this a precursor to a Bitcoin crash? A giant whale dumps 1000 BTC! 😱📉

Abraxas transfers 191 million to Kraken, market panic intensifies!

Whale movement

4 hours ago, the Abraxas Capital wallet transferred 1000 BTC (approximately 96.9 million USD) to the Kraken exchange, breaking a near 3-month silence. Previously, Abraxas accumulated 2983 BTC from a bottom of 74k between April 15-18, coinciding with a subsequent surge. History shows that its transfers to exchanges are often accompanied by severe market corrections.

Market signal

Abraxas currently holds 1983 BTC (approximately 191 million USD). This transfer may be for short-term profit-taking or may indicate a sell-off of all holdings. BTC has been rising recently, and the whale's actions suggest a strong risk of correction, so investors should remain vigilant.