According to Cointelegraph, London investment firm Abraxas Capital has increased its holdings of about 2949 BTC in the last four days, worth more than $250 million. The analysis found that despite continued overweight by whales and institutional investors, large fluctuations among medium-term bitcoin holders (who hold bitcoin for an average of three to six months) raised concerns about volatility. Analyst Mignolet disclosed data showing that approximately 170,000 BTC are being moved out of the 3-to 6-month holding group, and the behavior of these short-term holders or the current calm BTC price will not last long, usually indicating that major volatility is imminent.