Abraxas Capital Mgmt Sells $75.39 Million in WBTC and ETH: Major Transfers to Binance and Bitfinex Revealed

ETH

ETH/USDT

$2,022.85

+1.74%

$2,022.85

+1.74%

(24s)

24h Volume

$6,206,664,490.61

24h H/L

$2,046.60 / $1,979.99

Change: $66.61 (3.36%)

Long/Short

72.1%

Long: 72.1%Short: 27.9%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,020.29

▲ 1.38%

Volume (24h): -

Resistance Levels

Resistance 3$2,383.03

Resistance 2$2,199.02

Resistance 1$2,082.07

Price$2,020.29

Support 1$2,016.97

Support 2$1,936.48

Support 3$1,747.80

Pivot (PP):$2,016.97

Trend:Downtrend

RSI (14):44.4

On November 11th, a significant movement in the cryptocurrency market was reported by COINOTAG. An address beginning with 0xEd0, linked to Abraxas Capital Management, executed a substantial liquidation totaling $75.39 million in Wrapped Bitcoin (WBTC) and Ethereum (ETH). Furthermore, within a four-hour timeframe, this particular wallet transferred 200 WBTC, equivalent to around $16.21 million, to Binance, while also depositing 18,500 ETH worth approximately $59.18 million onto Bitfinex. These transactions reflect strategic portfolio adjustments and highlight the ongoing dynamics within the crypto landscape, certainly warranting close attention from investors and analysts alike.