On-chain whale operations exposed! Abraxas Capital's $155 million ETH sell-off is coming?
According to on-chain monitoring, the address associated with Abraxas Capital 0xEd0...a4312 has deposited a total of 42,300 ETH to exchanges in the past 6 hours, with a total value of up to $155 million. Notably, the institution withdrew 70,000 ETH from Bi**** five days ago at an average price of $3,333. If they choose to sell all of it this time, an astonishing profit of $13.76 million is expected!
Whale actions = market barometer?
Abraxas Capital's high-value deposits have attracted widespread attention in the market. Frequent operations by whales often hide deep meanings: is it securing profits or large-scale cashing out that triggers selling pressure? Once realized, this wave of ETH sell orders may cause short-term shocks to market sentiment, but it may also create a good entry opportunity for low-position funds.
Every step of the whale pulls the market's nerves, and the subsequent trend of ETH is about to be revealed! Follow Jiang Ge to get direct updates on on-chain movements and never miss any storm signals!
