$70.5M
Abraxas Capital Mgmt (Heka Funds)
-> Tether: Treasury
Stablecoins rotated between wallets, operational flow adjustment. $70.5M USDT moved from Abraxas Capital Mgmt (Heka Funds) to Tether: Treasury on Ethereum. Monitor the follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and exchange wallet management from a true directional position change, because similar routes can look bullish or bearish without full context. Low priority whale transactions capital flow: treat as context unless similar transfers repeat.