Abraxas Capital Management has been active again, with its associated address 0xEd0...a4312 depositing 42,300 ETH worth $155M to an exchange in the past six hours.
This follows a withdrawal of 70,000 ETH from Bitfinex just five days ago at an average price of $3,333. If the current deposit is sold, the institution stands to realize a profit of $13.76M, demonstrating impressive precision in buying low and selling high.
Address:
0xEd0C6079229E2d407672a117c22b62064f4a4312
Masterclass in strategic trading! 🚀