According to Lookonchain, Abraxas Capital deposited 36,520 ETH (worth approximately $96.2 million) into Binance over the past 12 hours, as tracked by Arkham Intelligence. Large-scale ETH deposits to centralized exchanges like Binance often signal potential upcoming sell pressure, which could impact Ethereum price volatility and overall crypto market liquidity. Traders should monitor ETH order books and trading volumes for signs of increased activity or rapid price movements following this significant transaction (source: Lookonchain, intel.arkm.com).