On-chain analyst ai_9684xtpa reported via Twitter that an Abraxas Capital-linked address deposited 42,300 ETH ($155 million) into an exchange over the past 6 hours. Selling all of this ETH could net them a profit of $13.76 million. The same address had withdrawn 70,000 ETH from Bitfinex 5 days prior at an average price of $3,333. It remains unclear whether this movement is related to market manipulation or simply a routine liquidity management.

#ETH