Summary
- It was reported that Abraxas Capital withdrew $63.78 million worth of Bitcoin (BTC) from Binance.
- The withdrawn address had been dormant for the past two months.
- BTC is trading at $84,980.92, up 0.67% from the previous day, based on the Binance Tether (USDT) market.
Blockchain analytics firm Lookonchain reported on the 14th (local time) via X (formerly Twitter) that an address related to the London-based asset management company Abraxas Capital withdrew 747 BTC (approximately $63.78 million) from Binance. The address had been dormant for the past two months.
Meanwhile, BTC is trading at $84,980.92, up 0.67% from the previous day, based on the Binance Tether (USDT) market as of 02:09 on the 16th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
