BTC sales totaling approximately $166 million over the past day, Abraxas Capital continues to reduce its BTC holdings

Source: odaily5 hour ago

Odaily Odaily reports that according to on-chain analyst Yu Jin @EmberCN's monitoring, crypto asset management firm Abraxas Capital has sold a cumulative total of 2,469 BTC (approximately $166 million) over the past day or so, at an average price of approximately $67,210.

Specifically, the firm transferred 1,469 BTC (approximately $98.45 million) to the Kraken exchange before withdrawing 22,710,000 USDC.