Abraxas Capital transferred 1000 BTC, worth approximately $98.92 million, to CEX 2 hours ago

According to on-chain analyst The Data Nerd, an address related to Abraxas Capital Management transferred 1,000 BTC to a CEX 2 hours ago, valued at approximately $98.92 million.

It is reported that this address purchased the aforementioned BTC about 3 weeks ago at an average entry price of $84,713. If sold entirely, it is expected to yield a profit of approximately $14.21 million. As of now, the address still holds 983 BTC, valued at approximately $97.43 million.