Abraxas Capital has been on a buying spree—pulling out 185,309 ETH (worth around $399M) from exchanges over the last 3 days.
This move coincides with ETH’s strong rally from $1,800 to $2,600, marking a sharp 44% surge.
BY Technical CRYPTO Analyst
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Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
Technical CRYPTO Analyst from in