According to on chain data, Abraxas Capital bought nearly $400 million worth of ETH within three days (5.8-11 days), and during these three days, it extracted 185309 ETH worth approximately $399 million from CEX. In addition, Abraxas Capital did not only enter the market in recent days, but started accumulating ETH a few days ago. Prior to this, Abraxas had also withdrawn 138511 ETH (worth over $290 million), which is approximately $700 million in ETH accumulated in about a week. Why is it focused on causing trouble within this week? The main motive is only clear to Abraxas himself. Let's take a look at the background of Abraxas Capital, everyone can judge for themselves. Abraxas Capital is an asset management company headquartered in London, founded over 20 years ago (2002), and has been involved in the field of cryptocurrency since 2017. It is currently one of the important institutional participants in cryptocurrency asset management. Alpha Bitcoin Fund will be launched in 2022, and Alpha Ethereum Fund will be launched in 2023. Its clients are mainly institutional investors and high net worth individuals, providing customizable cryptocurrency investment products focused on arbitrage, DeFi investment, and helping lock in tokens to solve liquidity issues. In addition to participating in CEX activities, Abraxas also deposits funds into DeFi protocols for profit (such as Aave, Compound, etc.).