Abraxas moved $191M in ETH via Binance, signaling a sharp shift in liquidity tactics across DeFi and centralized platforms.
Coordinated ETH flows through Aave and Compound show funds are cycling capital rapidly for strategic rebalancing and risk control.
With ETH reserves at a multi-year low and stablecoin inflows surging, the price structure is aligning for a move toward $3,900.
Abraxas Capital Management transferred 36,520 ETH—worth $96.2 million—to Binance within 12 hours, intensifying attention on Ethereum liquidity rotation strategies. The London-based fund moved over 73,000 ETH in 13 transactions, totaling more than $191 million in value.
In the post by CoinNess Global, the largest recent transaction involved 10,000 ETH, valued at $26.24 million, sent to a Binance deposit address. One hour earlier, 5,000 ETH moved to a Binance hot wallet worth $13.14 million. Over the same window, Abraxas received large inflows via Aave, indicating deliberate and rapid-fire portfolio balancing across DeFi and CeFi rails.
Structured Ethereum Transfers via Aave and Compound
The data shows Aave supplied two key inflows, 10,000 ETH and 5,000 ETH, totaling $39.41 million, shortly before equivalent ETH volumes were pushed into Binance wallets. Additional outflows followed, including 5,000 ETH to Binance worth $13.16 million and a 3,500 ETH transfer for $9.22 million, all executed under the Heka Fund entity tag.
On-chain data shows that Compound also played a strategic role, transferring 21,525 ETH into Abraxas accounts across five transactions. Together, these transfers totaled around $56 million and included amounts of 5,000, 5,000, 3,505, 3,000, and 5,020 ETH. Simultaneous inflows and outflows suggest mirrored accounting cycles designed for liquidity control and risk-adjusted positioning.
ETH Exchange Reserves Fall as Supply Tightens
Ethereum reserves on centralized exchanges have dropped to 19 million ETH—the lowest in years—down from 30 million in July 2022, Steph_iscrypto reported. This 36.7% drop, even amid volatility, reflects a sustained accumulation trend and reduced sell pressure across the board.
Such shifts are prompting firms to recalibrate strategies around long-term custody and DeFi yield. The consistent use of Compound and Aave by funds like Abraxas illustrates a preference for on-chain liquidity over exchange-based exposure, especially as price structure recovers above key technical levels.
Stablecoin Liquidity and Technical Reclaims Support ETH Price
Ethereum’s rebound from $1,680 to $2,648.6 aligns with prior breakout patterns, Rekt Capital noted, highlighting a reclaimed support zone between $2,196.9 and $2,468.7. Price memory around this range matches early 2024 behavior that triggered a run toward $3,900.
According to CryptoGoos, ETH’s price has historically moved in lockstep with stablecoin inflows, now exceeding $110 billion. As Ethereum holds critical structure and capital flows remain active, attention turns to the $3,904 resistance for the next technical breakout.
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