According to the monitoring of on-chain analyst Yu Jin, the whale address marked by Arkham as Abraxas Capital has withdrawn a total of 60,000 ETH (about 203.06 million US dollars) from Bitfinex in the past 15 hours. These ETH were then deposited into Spark as collateral to mint and borrow 101 million DAI, which was converted into 101 million USDC on the chain and then transferred to Binance.