ChainCatcher message shows that Abraxas Capital Mgmt associated address 0xEd0...a4312 has deposited 42,300 Ethereum (ETH) to a centralized exchange (CEX) in the past six hours, with a total value of $155 million. Five days ago, the institution withdrew 70,000 ETH from Bitfinex at an average price of $3,333. If this transaction is completed, a profit of $13.76 million is expected.

This move has sparked market attention on ETH price fluctuations. Such a large-scale deposit could impact market liquidity, and investors should closely monitor subsequent price changes and shifts in market capitalization rankings. Through on-chain data analysis, market participants can better understand the potential impact of this transaction on the overall market.