Jane Street 10 AM Bitcoin Dump Claims Split Analysts

Market analysts are divided over online claims that quantitative trading firm Jane Street manipulates Bitcoin's price through a coordinated selloff at 10:00 am ET daily. These claims, which surged after Jane Street was sued by Terraform Labs’ administrator, suggest the firm uses its large holding in BlackRock's IBIT ETF to mask a net short position, allowing them to buy spot ETFs at a discount. However, analysts like Alex Krüger dispute this, presenting blockchain data showing Bitcoin often records cumulative gains during that specific 30-minute window, suggesting the perceived drop tracks broader risk-asset repricing related to the Nasdaq. Furthermore, experts argue that Bitcoin's market is too deep and fragmented for any single firm, regardless of influence, to drive a prolonged bear market, attributing recent weakness to geopolitical uncertainty and global liquidity conditions.

(Source：Cointelegraph)