For months, Bitcoin traders noticed a suspicious pattern: sharp sell-offs hitting $BTC right at 10:00 AM ET, exactly when U.S. stock markets open. Prices would drop fast — almost like clockwork — wiping out retail long positions, then recover later. People called it the #JaneStreet10AMDump .
The theory: A big player (many pointed to Jane Street) was dumping $BTC to trigger liquidations, push prices lower, and buy back cheaper. Jane Street is a major Authorized Participant for Bitcoin ETFs, so they handle big creation/redemption flows and have deep market access.
No hard proof existed — just a very consistent chart pattern that traders couldn't ignore.
Then, on Feb 24, 2026, Terraform Labs (from the 2022 Terra-Luna crash) sued Jane Street. They accused the firm of using insider info to front-run trades and profit during the $40B collapse.
The very next day (**Feb 25**), the 10 AM dump didn't happen. Instead, Bitcoin surged over 3% (to around $68,157, up ~3.86%), liquidating ~$323M in shorts.
Coincidence? Maybe. But the timing got everyone's attention.
Extra context: In July 2025, India's SEBI fined Jane Street ~$580M (and restricted them) for alleged manipulation in Bank Nifty derivatives — pushing prices around to profit from options.
Jane Street denies all manipulation claims, calls the Terraform suit baseless, and says they'll fight it hard.
Bottom line: Markets run on liquidity and flows, not just theories. But when a super-consistent pattern vanishes right after big news, traders notice. Eyes on the data — not the drama. 🚀
$BTC #Crypto #JaneStreet10AMDump
