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7/16/2026 1:36:00 PM

Abraxas Capital: Withdraws 8,452 ETH From Binance

Abraxas Capital: Withdraws 8,452 ETH From Binance

Abraxas Capital withdraws 8,452 ETH ($16M) from Binance and Bybit. ETH trades at $1889.79 amid bullish EMA structure.

Source

Analysis

Abraxas Capital withdrew another 8,452 ETH worth $16 million from Binance and Bybit in the past five hours, extending its accumulation streak.

Price sits at $1889.79 inside the Bollinger Bands with upper resistance at $1974.83. The bullish EMA50 at $1824.03 and EMA200 at $1766.15 act as layered support while MACD golden cross at 29.78 keeps momentum intact; RSI at 59.6 leaves room before any ETH price prediction revision. This flow arrives against a backdrop of steady crypto market trends and muted Bitcoin dominance shift, reducing crypto market crash odds in the near term.


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