Abraxas Capital: Deposits $140M Into Spark | Flash News Detail | Blockchain.News
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7/10/2026 6:47:00 AM

Abraxas Capital: Deposits $140M Into Spark

Abraxas Capital: Deposits $140M Into Spark

Abraxas Capital deposited $140M into Spark including 26.5K ETH and 780 cbBTC as institutional flows accelerate into onchain lending while ETH trades at $1774.9.

Source

Analysis

Abraxas Capital moved roughly $140M into Spark over the last 24 hours, splitting the inflows across 26.5K ETH ($46.33M), 780 cbBTC ($48.53M) and $45.99M in USDS plus USDT.

With ETH price sitting at $1774.9 inside a bullish trend defined by the EMA50 at $1737.06 and EMA200 at $1744.96, price action now tests the upper Bollinger Band resistance at $1798.32. RSI at 56.5 leaves room before overbought conditions while the MACD golden cross at 2.08 reinforces momentum; a measured pullback toward the 50-EMA support remains the highest-probability path before continuation.


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