According to The Data Nerd, a wallet associated with Abraxas Capital Management deposited 1,000 BTC, valued at approximately $98.92 million, into Kraken just two hours ago. These Bitcoin holdings were accumulated three weeks prior at an average price of $84,713 each. If the entire amount is sold at current prices, the realized profit would total around $14.21 million. As of now, the wallet still retains 983 BTC, worth about $97.43 million. This significant movement may signal institutional profit-taking and could impact short-term Bitcoin liquidity and price dynamics on major exchanges. (Source: The Data Nerd, Twitter)

According to Ai 姨 on Twitter, Abraxas Capital Management's recent purchase of 21,999 ETH at $1,814 has already generated an unrealized profit of $1.98 million as Ethereum surged back to $1,904. The rapid ETH price recovery signals renewed bullish momentum in the crypto market, with Bitcoin also reaching $99,000. This significant price action highlights increasing institutional interest and sets a favorable trading environment for both ETH and BTC, making it crucial for traders to monitor large fund movements for short-term trading opportunities (Source: @ai_9684xtpa, Twitter, May 8, 2025).

According to @OnchainDataNerd, Abraxas Capital Management (Heka Funds) recently withdrew $40 million USDT from Binance and supplied it into AAVE. Currently, the fund manages assets worth $738.4 million, with a portfolio composition of over 62% in ETH products, 24% in stablecoins, and 10% in BTC products. This strategic movement into AAVE indicates a significant liquidity management action, potentially impacting AAVE's lending market dynamics.

According to Ai 姨 (@ai_9684xtpa), Abraxas Capital Management has invested $220 million in PTs, acquiring 196 million sUSDe PT, 21.01 million USDe PT, and 95.51 LBTC PT. Over two months, they have earned approximately $5.92 million in interest income. Previously, they gained about $3.08 million through Pendle PT, illustrating a strategic and profitable approach compared to typical cryptocurrency trading.

According to Ai 姨 (@ai_9684xtpa), Abraxas Capital Management has invested $220 million in PT tokens, including 1.96 billion sUESe PT, 21.01 million USDe PT, and 95.51 LBTC PT. Over two months, they have earned approximately $5.92 million in interest income. Previously, they profited around $3.08 million through Pendle PT, suggesting a more reliable strategy than speculative trading.

According to Omkar Godbole from MMS Finance, Abraxas Capital Management has called for a ban on memecoins during the ConsensusHK2025 event. The firm argues that memecoins lack fundamental value and pose significant risks to uninformed investors, potentially leading to market volatility (source: Omkar Godbole, MMS Finance, CMT, Twitter). This perspective suggests traders might consider avoiding investments in memecoins due to their unstable nature and potential regulatory challenges.

According to OnchainDataNerd, Tether Treasury transferred 100 million USDT to Abraxas Capital Management's wallet on the Kraken exchange one hour ago. Within a 24-hour span, Abraxas Capital received a total of $236.27 million from Tether. Additionally, two other wallets, potentially linked to Wintermute, deposited 16.5 million USDT to Binance. These substantial movements in USDT may indicate significant trading activities or strategic fund allocations by the involved entities.

According to @ai_9684xtpa, Abraxas Capital Management recently withdrew 32,000 ETH (valued at $111 million) from Spark Protocol and deposited it all into Bitfinex. Earlier this morning, the firm had deposited 15,000 ETH into Spark Protocol as collateral, borrowed 25 million USDC, and transferred it to a Binance wallet.

According to @OnchainDataNerd, a whale, possibly Abraxas Capital Management, withdrew 30,000 ETH (~$101.5M) from Bitfinex and staked it into Spark. Additionally, Matrixport withdrew 5,308 ETH (~$17.94M) from Binance one hour ago.