TechFlow, May 8 — According to on-chain analyst The Data Nerd (@OnchainDataNerd), an address linked to Abraxas Capital Management transferred 1,000 BTC worth approximately $98.92 million to Kraken about two hours ago.
The address reportedly acquired the BTC at an average entry price of $84,713 around three weeks ago. If all the BTC were sold, it would yield an estimated profit of about $14.21 million. As of now, the address still holds 983 BTC worth approximately $97.43 million.




