Abraxas Capital: Shifts $110M XAUT in Wallet Moves

Abraxas Capital shifted another 10.1K XAUT valued at $43.92M into a secondary wallet, bringing total transfers to 25.4K XAUT or $110.46M across three days following accumulation from Bitfinex.

The connected wallet cluster now controls 137.92K XAUT worth roughly $600M at the current price of $4367.63.

Price action on the 4h chart shows XAUT trading inside the Bollinger Bands with the upper resistance at $4390.92 and lower support at $4302.24; the neutral RSI at 60.45 combined with the MACD death cross at 25.4 suggests a probable retracement to the EMA50 level of $4276.5 before any further upside test of the upper band.