Jump Trading pulled a net $1.87M off exchanges in the last 24 hours.

The desk recorded just $890.6K in deposits across 15 transactions while yanking $2.76M off venues in only five moves. That net withdrawal pace, concentrated in a handful of large pulls, looks like inventory unloading rather than routine rebalancing.

When a major market maker shrinks its on-exchange footprint this quickly, it typically signals they want less capital sitting on venues ahead of making a two-sided market somewhere else.