Abraxas Capital has accumulated approximately 2,949 BTC, valued at over $250 million, in the past four days

According to a report by Cointelegraph, London-based investment firm Abraxas Capital has accumulated approximately 2,949 BTC, valued at over $250 million, in the past four days. It has been observed that despite continued accumulation by crypto whales and institutional investors, significant fluctuations among mid-term Bitcoin holders (those holding Bitcoin for an average of three to six months) have raised concerns about volatility. Analyst Mignolet disclosed data indicating that around 170,000 BTC are moving out of the group holding them for 3 to 6 months. The behavior of these short-term holders may lead to the current calm Bitcoin price not lasting long, often indicating impending significant volatility.