Abraxas Capital’s associated addresses have deposited 42,300 ETH, or about $155 million, to exchanges in the past six hours

According to Ai Yi, an analyst on the chain, Abraxas Capital's associated address 0xEd0...a4312 has deposited 42,300 ETH to the exchange in the past six hours, with a total value of $155 million. The institution withdrew 70,000 ETH from Bitfinex at an average price of $3,333 five days ago. If it sells it this time, it will make a profit of $13.76 million.