Abraxas Capital sold 1,000 BTC last night and subsequently withdrew 52.72 million stablecoins from Kraken.

PA一线
PA一线

PANews reported on June 3 that, according to on-chain analyst Ember, crypto asset management firm Abraxas Capital sold 1,000 BTC ($67.49 million) during last night's market downturn, contributing to the decline. Seven hours prior, they transferred 1,000 BTC to Kraken, and subsequently withdrew 52.72 million stablecoins (USDC + USDT) from Kraken.

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A new wallet withdrew 810 BTC, worth $54.11 million, from Binance through multiple addresses.
PANews Newsflash