BTC Manipulation Claims Against Jane Street
Crypto investors are accusing quantitative trading firm Jane Street of suppressing Bitcoin prices with daily programmatic BTC sales at the US market open (10:00 ET). The claims spread on social media the day after Terraform Labs’ court-appointed manager sued Jane Street for insider trading that exacerbated the Terra ecosystem’s May 2022 collapse. Justin Bechler argues that Jane Street’s $790 million position in BlackRock’s IBIT ETF could be turned net short with short futures or put hedges.
Source: Julio Moreno
CryptoQuant researcher Julio Moreno notes that selling futures while buying spot is a common spread capture strategy for delta-neutral funds. Onchain analysts Nonzee and Whale Factor label the monthly 10:00 ET drops on hourly charts as manipulation, while Alex Krüger proves with blockchain data that there has been a cumulative 0.9% return in that window since early 2024, correlated with Nasdaq movements. Jane Street’s latest 13F filing shows positions in IBIT as well as Strategy, Bitfarms, Cipher Mining, and Hut 8. Analysts emphasize that a single firm cannot create a bearish trend in a deep and fragmented market like BTC, with weakness stemming from geopolitical uncertainty, liquidity, and AI competition.
Source: Nonzee
Source: Whale Factor
Source: Alex Krüger
BTC Technical Outlook and Current Levels
BTC is currently at 67,370.66 USD, in a downtrend with a 24h -0.06% change. RSI 40.85 (neutral), resistance above EMA20 69,169. Supports: S1 60,000 (strong, -10.66%), S2 65,632 (-2.28%). Resistances: R1 68,207 (+1.55%, strong), R2 69,998 (+4.22%). Click for detailed BTC analysis.
BTC Market News and Institutional Movements
In recent news, BTC PERP rose 8.40% from its low of 62,401, turning weekly positive. GD Culture Group (GDC) announced it will use its 7,500 BTC reserve for share buybacks, boosting institutional confidence. The UAE’s $272 billion bank signaled crypto integration. Watch volatility in BTC futures. Analysts reject manipulation, emphasizing the depth of the BTC spot market.
Source: https://en.coinotag.com/jane-street-btc-price-pressure-claims
