“The reason for the crazy crypto sell-off seems to be Jump Trading, who are either getting margin called in the traditional markets and need liquidity over the weekend, or they are exiting the crypto business due to regulatory reasons (Terra Luna related),” Dr. Julian Hosp, CEO and co-founder of decentralized platform Cake Group said on X.
Ether Slides 20% as Jump Trading Moves $46M in ETH to Centralized Exchanges
