According to The Data Nerd, a wallet associated with Abraxas Capital Management deposited 1,000 BTC, valued at approximately $98.92 million, into Kraken just two hours ago. These Bitcoin holdings were accumulated three weeks prior at an average price of $84,713 each. If the entire amount is sold at current prices, the realized profit would total around $14.21 million. As of now, the wallet still retains 983 BTC, worth about $97.43 million. This significant movement may signal institutional profit-taking and could impact short-term Bitcoin liquidity and price dynamics on major exchanges. (Source: The Data Nerd, Twitter)