According to the monitoring of on-chain analyst @ai_9684xtpa, Abraxas Capital Mgmt withdrew 32,000 ETH (worth $111 million) from Spark Protocol two minutes ago, and then recharged all of it into Bitfinex. This morning, the institution also deposited 15,000 ETH into Spark as a margin, borrowed 25 million USDC and transferred it to Binance.