Whale action! Abraxas Capital smashed 42,300 ETH, $155 million in selling pressure is coming, is the market about to start a storm?
On-chain monitoring data shows that the Abraxas Capital Mgmt associated address has recharged 42,300 ETH to the exchange in the past 6 hours, with a total value of up to $155 million! What's more exciting is that five days ago they just withdrew 70,000 ETH from B*** at an average price of $3,333. If they sell all of them this time, a single operation can earn a net profit of $13.76 million!
Is this wave of whale-level operations a simple arbitrage or a deeper market layout? Will the ETH market fall into panic due to the sudden increase in selling pressure, or will it usher in a greater gaming market? The flow of funds shows that the whale has taken action, and the storm may not be far away.
Keep up with the market rhythm and capture the next wave of opportunities! Pay attention to Lao Lin, and never let go of the undercurrent in the market!
