Abraxas Capital is suspected of selling 1,000 BTC, worth 67.49 million USD.
According to Odaily, analyst Yu Jin observed that crypto asset management firm Abraxas Capital suspectedly sold 1,000 BTC, worth 67.49 million US dollars, during last night's downturn. Seven hours ago, the firm transferred 1,000 BTC to an exchange, and subsequently withdrew stablecoins totaling 52.72 million, including USDC and USDT, from the exchange.
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