TLDR:
- Investors accuse Jane Street of tanking BTC prices daily at 10:00 a.m. EST.
- Experts assert that volatility coincides with the opening of Wall Street and the Nasdaq.
- On-chain data shows positive returns during that window, refuting a systemic “dump.”
Potential Bitcoin price manipulation by Jane Street has raised alarms in the crypto world. We are talking about one of the largest trading firms globally, which several investors accuse of executing massive programmatic sell-offs every morning.
According to the allegations, the firm leverages its position in BlackRock’s ETF (IBIT) to pressure the market downward. This hypothesis suggests the goal is to repurchase assets at a discount at the start of each New York session.
In this regard, Julio Moreno, an analyst at CryptoQuant, points out that this sounds more like a hedging strategy, which is standard practice for “delta-neutral” funds. Therefore, what many perceive as an attack could simply be financial arbitrage.
Market data contradicts the daily “dump” theory
The alleged Bitcoin price manipulation went viral on social media; however, analyst Alex Krüger shared data that debunks a systemic crash. His information reveals that Bitcoin has averaged positive returns of 0.9% in the 10:00 a.m. window since the beginning of the year.
On the other hand, experts from Coin Bureau highlight that the BTC market is too deep and fragmented to be controlled by a single entity. They argue that Bitcoin is not a “memecoin” and possesses enough global liquidity to resist individual pressures.
In short, the asset’s recent weakness is attributed more to geopolitical uncertainty and competition from the AI sector. Consequently, the narrative of a “corporate villain” seems to lack solid statistical backing against current macroeconomic dynamics.
