Major crypto market makers deposited over 130K ETH to CEXs since August 3

Blockchain analytics firm 0xScope reported on X that since Aug. 3, five major crypto market makers have deposited over 130,000 ETH into centralized exchanges (CEXs). During this period, the price of ETH plummeted from $3,000 to $2,100. 0xScope noted that among these, Jump Trading began dumping ETH earlier than other market makers, despite low liquidity over the weekend. The deposit breakdown is as follows: Wintermute: 47,088 ETH directly deposited to exchanges Jump Trading: 36,361.51 ETH directly deposited to exchanges Flow Traders: 3,620 ETH directly deposited to exchanges GSR Markets: 292.1 ETH directly deposited to exchanges Amber Group: 26.47 ETH directly deposited to exchanges Previously, Singapore-based crypto trading firm QCP Capital identified aggressive ETH dumping by major market makers, including Jump Trading and the venture firm Paradigm, as a direct cause of the recent market drop.