Abraxas Capital: Sells BTC to Buy ETH

Abraxas Capital withdrew 8,153 ETH ($15.3M) from Binance and Bybit while depositing 618 BTC ($39.99M) into Kraken over three hours.

This Bitcoin institutional flows activity highlights shifting crypto exchange flows that often shape ETH price prediction models.

ETH at $1940.91 tests upper Bollinger resistance at $1927.64 with RSI(14) overbought at 76.55, pointing to a probable retracement toward EMA50 support at $1801.8 before continuation in the bullish structure backed by MACD golden cross at 30.69.