Abraxas Capital Increases Bitcoin Holdings Amid Market Volatility Concerns

According to PANews, London-based investment firm Abraxas Capital has acquired approximately 2,949 BTC, valued at over $250 million, over the past four days. Despite the ongoing accumulation by large investors and institutions, there are concerns about volatility due to significant fluctuations among mid-term Bitcoin holders, who typically hold the cryptocurrency for three to six months. Analyst Mignolet revealed data indicating that around 170,000 BTC are being moved out of this group, suggesting that the current stability in Bitcoin prices may not last long and could signal impending major market fluctuations.