Analysts reject Jane Street 10am Bitcoin dump
Market analysts have pushed back against claims that Jane Street is engineering a daily 10 a.m. Bitcoin sell-off, saying available data does not support the idea of a systematic price dump.
The allegations gained traction after a lawsuit tied to Terraform Labs accused Jane Street of questionable trading practices, prompting online speculation that the firm was manipulating Bitcoin around the US market open.
Some commentators argued that Jane Street’s reported $790 million holding in iShares Bitcoin Trust could mask a net short position through derivatives hedges not visible in public filings, potentially allowing the firm to benefit from intraday price pressure.
However, CryptoQuant head of research Julio Moreno said the strategy described, buying spot exposure while selling futures, is common among delta-neutral funds seeking to capture spreads rather than directional moves.
Macro analyst Alex Krüger said blockchain data shows Bitcoin has recorded cumulative gains of about 0.9% in the 10 a.m. to 10:30 a.m. window since January 1, disputing the narrative of a consistent “10 AM dump” and linking the timing more closely to broader Nasdaq-driven risk repricing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tesla Cybertruck: From Cracked Windows to Production Halt, a Three-and-a-Half Year Journey Ends
Since its launch in 2019, Cybertruck has been mired in controversy—ranging from a failed window demonstration on release day, a four-year delay in mass production, and its price rising from $39,900 to more than $100,000, along with a total of 11 recalls. The day before the halt of production was announced, Tesla raised the price once again, bringing a dramatic and intriguing end to the saga of this vehicle.
AI capital expenditure “peaks”; is the US economy also “peaking”?
Democrats to destroy the data center boom? Goldman Sachs bucks the trend with an upgrade forecast!
Goldman Sachs has raised its forecast for US data center construction spending against the trend, increasing the 2026 projection from $67 billion to $80 billion and, for the first time, projecting $125 billion for 2028. Despite the market panic caused by Texas's moratorium, Goldman Sachs believes this is essentially a delay rather than a termination, and the overall construction cycle remains resilient. However, highly leveraged developers face substantial risks from rising financing costs and contract cancellations.
Crypto prices
More
