Crypto Twitter Links Jane Street Lawsuit to Bitcoin’s Price Reversal

Several major crypto influencers are circulating a new narrative online: the long-running “10AM Bitcoin dump” pattern has suddenly disappeared, and some are linking the shift to recent legal headlines involving trading firm Jane Street.

What CryptosRUs Highlighted

George from CryptosRUs posted that the recurring 10 AM sell-off pattern had “vanished.” He noted that for weeks traders had observed strength in the morning followed by a sharp fade around 10 AM U.S. time.

According to him, since the Jane Street lawsuit headlines surfaced, that pattern has cooled off. Instead, Bitcoin pushed higher, the weekly candle flipped green after multiple red weeks, and total crypto market cap expanded quickly. He stopped short of claiming proof, but emphasized that the intraday behavior had clearly changed.

Ash Crypto’s Allegations

Ash Crypto went further, claiming that Jane Street had allegedly been dumping Bitcoin algorithmically at 10 AM every day for months. He argued that this activity suppressed prices, triggered retail liquidations, and allowed cheaper re-entry, repeating the cycle daily.

Ash stated that once the firm was sued, the daily 10 AM dump “completely stopped,” and Bitcoin posted one of its strongest days in months. These claims remain unproven and are based on speculation rather than confirmed evidence.

Bull Theory Connects the Dots

Bull Theory added another layer to the narrative. The account questioned whether Jane Street was also behind previous major liquidation events, including the October 10 crash, one of the largest liquidation days in crypto history.

Bull Theory highlighted several points:

• Jane Street reportedly generated $10 billion in trading revenue in a single quarter.
• The firm has faced regulatory scrutiny in India.
• It is currently involved in legal proceedings tied to broader crypto market events.
• It became a major buyer of BlackRock’s IBIT Bitcoin ETF.

The post drew attention to repeated “10” dates, May 10 (Terra collapse), 10 AM daily sell-offs, and October 10 liquidations, suggesting a pattern, though without presenting direct evidence.

Narrative vs. Market Structure

While the tweets have fueled speculation, there is no verified proof that Jane Street was responsible for the alleged 10 AM Bitcoin sell-offs. Large trading firms operate across global markets, and Bitcoin price movements are influenced by derivatives positioning, ETF flows, liquidity conditions, and macro sentiment.

What is observable, however, is that the previously discussed 10 AM fade has recently weakened. Whether that shift is coincidental, structural, or related to broader liquidity dynamics remains unclear.

For now, the story is largely being driven by crypto Twitter, and traders are watching to see if the change in intraday behavior holds.

The post Crypto Twitter Links Jane Street Lawsuit to Bitcoin’s Price Reversal appeared first on ETHNews.