Whale Moves 11,753 ETH: Abraxas Capital Management’s Strategic Deposits on Binance and Bitfinex

ETH

ETH/USDT

$1,919.33

+1.90%

$1,919.33

+1.90%

(24s)

24h Volume

$12,933,287,982.84

24h H/L

$1,929.67 / $1,856.88

Change: $72.79 (3.92%)

Long/Short

61.6%

Long: 61.6%Short: 38.4%

Funding Rate

+0.0045%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,913.16

▼ -0.47%

Volume (24h): -

Resistance Levels

Resistance 3$2,063.38

Resistance 2$1,980.90

Resistance 1$1,934.28

Price$1,913.16

Support 1$1,868.54

Support 2$1,846.71

Support 3$1,610.34

Pivot (PP):$1,902.93

Trend:Sideways

RSI (14):57.1

On December 5th, COINOTAG News reported that according to OnchainDataNerd, a significant transaction occurred involving a whale, potentially linked to Abraxas Capital Management. This entity transferred a substantial 5433 ETH, equivalent to approximately $21.27 million, into major exchanges, specifically Binance and Bitfinex. In total, over a span of just 13 hours, this whale has moved 11,753 ETH, valued at around $45.79 million, to these platforms. Calculating the entry price reveals that the average acquisition cost was $2,968 per ETH, which indicates a realized profit of about $10.9 million. Such strategic movements within the cryptocurrency market can signal increased volatility and potential market manipulation, making it essential for investors to remain vigilant regarding large-scale transactions.