Jump Trading has made significant moves in the Ethereum market, shifting $29 million in ETH and withdrawing 11,500 ETH from the liquid staking platform Lido Finance. This activity is part of a larger pattern, as the firm unloaded $600 million in ETH over the weekend, raising questions about whether these actions were forced, strategic, or opportunistic. The sales have had a notable impact on the market, with Ethereum prices previously dropping from $2,900 to $2,100 before rebounding to $2,400. Additionally, Jump Trading sold $250 million in ETH, which contributed to a $60 billion loss in market capitalization. The firm also withdrew 32.6 million USDC from Binance, potentially for conversion to USD.