#Jump Trading Injects $20 Million into Stablecoins#

Jump Trading has transferred over $20 million in stablecoins, including USDT and USDC, to multiple centralized exchanges (CEXs) in the past hour. Among them, 2,107,000 USDT, worth approximately $2.11 million, was transferred to Binance; a total of $18 million in USDC was transferred to Coinbase, including one transfer of $10 million and another of $8.913 million. This move is interpreted as a signal that institutions are starting to buy the dip, as Jump Trading, a well-known quantitative trading firm, is often seen as a market indicator. Previously, the price of Ethereum fell to the daily bull-bear dividing line of around 3220, with two pin bar formations within 4 hours, with large volume on the pin bars, and is now approaching the bottom range. Therefore, Jump Trading's large-scale stablecoin transfer is considered a bullish signal, suggesting that the market may be about to rebound.