According to on-chain analyst Ember, Jump Trading may be selling ETH: they are recently redeeming a $410 million worth of wstETH (120,000) into ETH in batches and then transferring it to exchanges such as Binance/OKX. As of now, they have redeemed 83,000 wstETH to 97,500 ETH in 9 days since 7/25. Of these, 66,000 ETH (191.40 million USD) has entered the exchange. At present, there are 37,600 wstETH at their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address are being redeemed into ETH; 20,000 ETH in the ETH transfer address are waiting to enter the exchange in batches.