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Abraxas Capital Withdraws $119.6 Million in Bitcoin from Binance

Blockchain analytics firm Lookonchain reports that Abraxas Capital has withdrawn over 1,000 BTC from Binance, valued at around $120 million in the past six hours.

BTC

Summary

Abraxas Capital has withdrawn 1,060 BTC, approximately valued at $120 million, from Binance in the past six hours, according to blockchain analytics firm Lookonchain. This transaction highlights significant movement of Bitcoin from the exchange.

Terms & Concepts
  • BTC (Bitcoin): The first and largest cryptocurrency by market capitalization, operating on a decentralized peer-to-peer network using blockchain technology.
  • Blockchain Data: Publicly available transaction records stored on a distributed ledger, allowing transparent tracking of cryptocurrency movements.
  • Binance: One of the world’s largest cryptocurrency exchanges, offering trading services for digital assets.