Abraxas Capital sold 1,000 BTC last night and subsequently withdrew 52.72 million stablecoins from Kraken.

CoinFeed reported on June 3 that, according to on-chain analyst Ember, crypto asset management firm Abraxas Capital sold 1,000 BTC ($67.49 million) during last night's market downturn, contributing to the decline. Seven hours prior, they transferred 1,000 BTC to Kraken, and subsequently withdrew 52.72 million stablecoins (USDC + USDT) from Kraken.