Bitcoin Rebounds as Traders Debate Jane Street "10am Price Slam"

Bitcoin (BTC) rebounded to $66,300 as rumors circulated on social media suggesting that legal action by Terraform Labs against quantitative firm Jane Street forced the suspension of a supposed coordinated algorithmic selling strategy targeting 10 am Eastern time daily. This alleged manipulation was theorized to have caused months of downside in the crypto market starting in October 2025. Jane Street has called the accusations "baseless, opportunistic claims." Despite the speculation, some analysts, like YouTuber Wise Advice, dismissed the theory as too simplistic. Traders remain cautious, noting that the price move was also influenced by "razor thin" order books, with overhead sell liquidity pulled ahead of President Trump’s State of the Union address, allowing BTC to rally through thin resistance at $66k.

(Source：Cointelegraph)