Abraxas Capital withdraws approximately $15.3 million in ETH and deposits approximately $39.99 million in BTC to Kraken in the past 3 hours

According to Lookonchain monitoring, Abraxas Capital withdrew 8,153 ETH (worth approximately $15.3 million) from Binance and Bybit in the past 3 hours, while depositing 618 BTC (worth approximately $39.99 million) into Kraken. This capital movement suggests it may be reducing its BTC position and increasing its ETH holdings.