Abraxas Capital bought 600M+ worth of ETH in 7 days. 185K+ ETH withdrawn from CEXs in last 5 days. This could be Ethereum’s MicroStrategy moment. Just like Saylor drove BTC price with relentless spot buys, Abraxas might do the same for ETH. But here’s the kicker - Abraxas is Alameda rebranded. Same wallets. Same behavior. Same scale. In 2021, Alameda frontran the ETH move and fueled the altseason. They’re doing it again now. - Spot accumulation - CEX withdrawals - ETH/BTC breakout This is how second legs of bull markets begin