Abraxas Capital: Offloads 1000 BTC on Kraken

Abraxas Capital shifted 1000 BTC worth $67.49 million into Kraken last night before withdrawing $52.72 million in USDC and USDT, accelerating the selloff.

BTC trades at $67053.01 inside Bollinger bands with upper resistance at $76676.57 while the EMA50 at $72805.19 and EMA200 at $75866.46 cap any rebound as long-term resistance. RSI at 16.48 marks extreme oversold conditions and the MACD death cross at -1792.75 locks in bearish momentum toward lower band support at $66214.99, shaping near-term BTC price prediction scenarios during this crypto market crash phase.