Confirmed: It was a manipulation.
How to earn $10B and dump BTC in 3 months😈

Jane Street's alleged algorithm:

1) Buy billions in spot BTC
2) Open massive short positions
3) At 10:00 AM ET — dump large volumes
during low liquidity. Panic. Crash.
4) Close shorts. Pocket the profit.
5) Buy back cheap BTC. Create FOMO. Pump.
6) Repeat.

Estimated result: $10B profit in 3 months.
This may explain 140 days of crashes with zero rebounds.

On Feb 23, 2026 — Terraform sued Jane Street.

The 10 AM dumps stopped immediately.
Yesterday the market recovered.

Coincidence? 👀