One of the biggest Market Makers is dumping its crypto holdings🛑

 

A series of bad events in 4 parts 👇

 

♦️ The CFTC started an investigation into Jump Trading subsidiary's activities. 

 

♦️ Jump trading president resigns shortly after that

 

♦️ Jump trading started redeeming wstETH after that.

 

♦️ Since July 25, they redeemed and sold over 80,000 ETH.

 

This caused an #ETH dump along with alts weakness.

 

It seems like Jump trading is completely exiting the market.

#Crypto #CryptoCrashAlert #crash #altcoinscrash