Jump Crypto sends $18M in BTC to Binance

Jump Crypto deposited 286.83 BTC worth about $18.01 million into Binance about two hours ago, according to an Onchain Lens analysis. Exchange deposits are typically interpreted as a sign of intent to sell. The address, which Onchain Lens identified as likely linked to the crypto trading and market-making firm, has sent a total of 1,560 BTC worth about $99.2 million to Binance this week and still holds about 1,410 BTC worth roughly $88.58 million.