Abraxas Capital has increased its holdings of about 2,949 BTC in the last four days, worth more than $250 million

On April 19, according to Cointelegraph, London investment firm Abraxas Capital has increased its holdings of about 2,949 BTC in the last four days, worth more than $250 million. The analysis found that despite the continued increase in holdings by giant whales and institutional investors, the large volatility of medium-term bitcoin holders (who hold bitcoin for an average of three to six months) has raised concerns about volatility.
Analyst Mignolet has revealed that around 170,000 BTC are being moved out of groups that have been held for three to six months, and the behavior of these short-term holders or the current calm BTC price will not last long, usually indicating that major fluctuations are imminent.