Abraxas Capital is making full use of its borrowed funds ahead of major market news tonight 💸

In the last approximately 3 hours, Abraxas Capital has deposited about 10K $wstETH (19M$ ) on the #AAVE platform, shortly after which they borrowed 20M $USDC and deposited it on #Coinbase.

The $USDC was then confirmed with the 20M $USDC they borrowed earlier to purchase a total of 500 $cbBTC (40M$ ) from #Coinbase.

About 1 hour later, they continued to use the $cbBTC to collateralize on the #AAVE platform and borrowed 18M $USDC to deposit on the #Binance exchange.

Currently, their HR is at 1.63, lower than the previous 1.8.

=> Will they continue to strategize this time as Fed Chair Powell will give an important speech at 0:15 AM tonight, early tomorrow morning?

Typically, Abraxas likes to actively use a large number of their tokens whenever there are macro news in the market.