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🚀 Wave #uptrend is coming: Abraxas Accumulation $BTC Returning After 2 Months of Profit Taking 🔥
Just 12 hours ago, the wallet address of #AbraxasCapital withdrew 747 BTC, with a total value of up to 63,000,000 USD from #binance to their wallet. This is the first activity after nearly 2 months of silence, with the last time they sold BTC right at the peak.
What is noteworthy is the extremely sharp timing of this wallet. Abraxas has continuously taken profits on BTC at the level of 98k USD since mid-February before the price dropped to 75k USD.
Looking further back, this wallet has also sold at the peak multiple times (see photo). In fact, this wallet has continuously accumulated before BTC broke the peak of 74k USD last October.
So, with this accumulation of BTC this time, does it mean Abraxas believes that the downtrend has ended or is about to end, and is starting to accumulate again for the next wave of increase? 🧐
Just 12 hours ago, the wallet address of #AbraxasCapital withdrew 747 BTC, with a total value of up to 63,000,000 USD from #binance to their wallet. This is the first activity after nearly 2 months of silence, with the last time they sold BTC right at the peak.
What is noteworthy is the extremely sharp timing of this wallet. Abraxas has continuously taken profits on BTC at the level of 98k USD since mid-February before the price dropped to 75k USD.
Looking further back, this wallet has also sold at the peak multiple times (see photo). In fact, this wallet has continuously accumulated before BTC broke the peak of 74k USD last October.
So, with this accumulation of BTC this time, does it mean Abraxas believes that the downtrend has ended or is about to end, and is starting to accumulate again for the next wave of increase? 🧐
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