ETH: Abraxas Capital Withdraws 12,477 From Exchanges in 3 Hours
The fresh $22.88M draw brings Abraxas's week-long haul to 45,996 ETH ($84.39M), a steady withdrawal cadence from Binance, Bybit, and Bitfinex that signals accumulation, not rotation.
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The fresh $22.88M draw brings Abraxas's week-long haul to 45,996 ETH ($84.39M), a steady withdrawal cadence from Binance, Bybit, and Bitfinex that signals accumulation, not rotation.
The two-exchange pull pattern, repeated over weeks, points to OTC-desk accumulation rather than a single trader rebalancing.
Single-fund flows, not a market-wide signal, but the direction is what a lot of institutional desks were already discussing — BTC positioning offloaded into ETH.
Abraxas Capital pulled $16M of tokenized gold off exchanges in a single day, and dormant wallet 0xD20E broke a 3-year silence to add another $3.9M, a coordinated bid into XAUT.