Abraxas Capital: Sells 2469 BTC at $67210 Avg

Abraxas Capital dumped another 1469 BTC worth $98.45M into Kraken and pulled 22.71M USDC, extending its two-day total to 2469 BTC sold at an average $67210.

Price action on the 4h chart shows BTC at $62242.64 testing the lower Bollinger Band support at $62185.19 while RSI(14) sits at 14.55 in deep oversold territory and MACD remains locked in a death cross below zero. With EMA50 resistance at $71158.68 and EMA200 at $75290.63 capping any bounce, the structure favors further downside pressure before relief.