Hupzy (Spot On Chain)|Jun 04, 2026 01:16
🚨 𝗔𝗯𝗿𝗮𝘅𝗮𝘀 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 dumps 2,469 BTC ($𝟭𝟲𝟲𝗠) in 24 hours
The crypto fund sold at an average of $67,210 — well above current prices below $63K — depositing 1,469 BTC into Kraken and withdrawing $22.7M USDC.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Institutional distribution during an active selloff is a bearish read-through. A professional fund realizing losses at $67K while BTC trades $4K below signals conviction on further downside. $166M in fresh supply hitting thin order books compounds the $1.1B in liquidations from the breakdown. Watch for continued Kraken deposits from Abraxas-linked wallets.
On-chain: https://arkm.com/explorer/entity/abraxas-capital-heka-funds
--source: https://x.com/EmberCN/status/2062340315089076330
Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink