When On-Chain Signals Challenge Market Psychology
Abraxas Capital has once again drawn attention with a large BTC transfer to exchanges, an on-chain signal worth noting as the market has just gone through a sharp downturn.
Just yesterday, before the crash occurred, a wallet associated with Abraxas transferred 1,038 BTC, worth approximately $168 million, to exchanges.
Their previous similar move took place more than a week earlier, at a time when BTC was still trading around the $90,000 level.
From the beginning of 2026 to date, Abraxas has distributed a total of 4,752 BTC, with an estimated value of around $416 million.
This is not just a story about data, but about psychology: On-chain signals are sometimes right, yet the market tests us on whether we have the conviction to trust a scenario that runs counter to our logic and expectations.
#Fualnguyen #LongTermAnalysis #LongTermInvestment
