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Abraxas Capital deposits 36,520 ETH onto Binance amid market volatility.
Abraxas Capital Management, a cryptocurrency-focused asset management fund since 2017, has transferred 36,520 ETH ( equivalent to 96.2 million USD) to the Binance exchange within 12 hours, indicating signs of liquidity adjustment or preparation for major market moves.
This transaction takes place in the context of the price of Ethereum (ETH) trending strongly upwards on May 29, 2025, with the 50-day moving average pointing up and the RSI index in neutral territory, indicating potential for price increase in a volatile market.