Abraxas Capital has increased its holdings of approximately 2949 BTC worth over $250 million in the past four days

According to Cointelegraph, London investment firm Abraxas Capital has increased its holdings of approximately 2949 BTC worth over $250 million in the past four days. Analysis has found that although whales and institutional investors continue to increase their holdings, the significant fluctuations in mid-term Bitcoin holders (who hold Bitcoin for an average of three to six months) have raised concerns about volatility. Analyst Mignolet disclosed data showing that approximately 170000 BTC are being transferred out of the group that has held them for 3 to 6 months, and the behavior of these short-term holders may cause the current calm BTC price to not last long, usually indicating that significant fluctuations are about to occur.