According to Lookonchain, Abraxas Capital resumed Ethereum accumulation after a 3-day pause, acquiring an additional 46,295 ETH ($115.3 million). Since May 7, 2025, Abraxas Capital has purchased a total of 350,703 ETH ($837 million) at an average entry price of $2,386, resulting in an unrealized profit of $50 million as of the latest data (intel.arkm.com, x.com/lookonchain). This sustained buying activity by a major institutional player signals strong bullish sentiment and could influence Ethereum price trends and short-term market liquidity. Traders should monitor on-chain flows and large wallet behaviors for potential volatility triggers and directional cues.