- Abraxas moved $191M in ETH via Binance, signaling a sharp shift in liquidity tactics across DeFi and centralized platforms.
- Coordinated ETH flows through Aave and Compound show funds are cycling capital rapidly for strategic rebalancing and risk control.
- With ETH reserves at a multi-year low and stablecoin inflows surging, the price structure is aligning for a move toward $3,900.
Abraxas Capital Management transferred 36,520 ETH—worth $96.2 million—to Binance within 12 hours, intensifying attention on Ethereum liquidity rotation strategies. The London-based fund moved over 73,000 ETH in 13 transactions, totaling more than $191 million in value.
In the post by CoinNess Global, the largest recent transaction involved 10,000 ETH, valued at $26.24 million, sent to a Binance deposit address. One hour earlier, 5,000 ETH moved to a Binance hot wallet worth $13.14 million. Over the same window, Abraxas received large inflows via Aave, indicating deliberate and rapid-fire portfolio balancing across DeFi and CeFi rails.
Structured Ethereum Transfers via Aave and Compound
The data shows Aave supplied two key inflows, 10,000 ETH and 5,000 ETH, totaling $39.41 million, shortly before equivalent ETH volumes were pushed into Binance wallets. Additional outflows followed, including 5,000 ETH to Binance worth $13.16 million and a 3,500 ETH transfer for $9.22 million, all executed under the Heka Fund entity tag.
On-chain data shows that Compound also played a strategic role, transferring 21,525 ETH into Abraxas accounts across five transactions. Together, these transfers totaled around $56 million and included amounts of 5,000, 5,000, 3,505, 3,000, and 5,020 ETH. Simultaneous inflows and outflows suggest mirrored accounting cycles designed for liquidity control and risk-adjusted positioning.
ETH Exchange Reserves Fall as Supply Tightens
Ethereum reserves on centralized exchanges have dropped to 19 million ETH—the lowest in years—down from 30 million in July 2022, Steph_iscrypto reported. This 36.7% drop, even amid volatility, reflects a sustained accumulation trend and reduced sell pressure across the board.
Such shifts are prompting firms to recalibrate strategies around long-term custody and DeFi yield. The consistent use of Compound and Aave by funds like Abraxas illustrates a preference for on-chain liquidity over exchange-based exposure, especially as price structure recovers above key technical levels.
Stablecoin Liquidity and Technical Reclaims Support ETH Price
Ethereum’s rebound from $1,680 to $2,648.6 aligns with prior breakout patterns, Rekt Capital noted, highlighting a reclaimed support zone between $2,196.9 and $2,468.7. Price memory around this range matches early 2024 behavior that triggered a run toward $3,900.
According to CryptoGoos, ETH’s price has historically moved in lockstep with stablecoin inflows, now exceeding $110 billion. As Ethereum holds critical structure and capital flows remain active, attention turns to the $3,904 resistance for the next technical breakout.
