According to @lookonchain, a whale, likely associated with Abraxas Capital, has conducted significant transactions involving 60,000 ETH (worth $206.3 million). The whale withdrew the ETH from Bitfinex and deposited it into Spark within the past 16 hours. Subsequently, they borrowed 101 million DAI from Spark, converted it to 101 million USDC, and deposited the USDC into Binance. This sequence of transactions could indicate strategic positioning or potential market moves.