Abraxas Capital deposits $378M in BTC to Kraken

London-based asset management firm Abraxas Capital deposited 4,835 BTC, worth $378 million, to Kraken in the past hour, Lookonchain reported. The firm also deposited 6,000 XAUT ($28 million) across Binance, Bybit, OKX, and Bitfinex. Deposits to exchanges are typically interpreted as a precursor to selling.