Bitcoin News: Jane Street’s Silver Position Raises Eyebrows as BTC Rallies

Key Insights

• Bitcoin news shows BTC up 6% as silver drops 8%.
• Jane Street lawsuit timing fuels suppression theory debate.
• Bitcoin rebounds from $62,000 as 10 a.m. weakness fades.

Bitcoin news on March 3, 2026, brought a sharp move. BTC price surged 5.84% during US market hours. Price jumped from near $62,000 lows to around $70,000. At the same time, silver dropped 7.96% in a sudden selloff. The timing fueled a fresh theory. Some traders believe Jane Street may have shifted focus away from Bitcoin and toward silver.

For months, parts of the crypto community accused Jane Street of capping Bitcoin rallies. The claim was simple. Daily selling around 10 a.m. Eastern Time suppressed the price. Bitcoin fell from peaks near $125,000 to lows around $62,000 during that stretch. But the evidence was never clear.

10 A.M. Dump Theory: What the Bitcoin News Data Showed

Jane Street is a major quantitative trading firm. It also acts as an authorized participant for spot Bitcoin ETFs such as BlackRock’s IBIT. Authorized participants create and redeem ETF shares. That process can involve buying or selling large amounts of Bitcoin to keep ETF prices aligned with the underlying asset.

Traders began pointing to repeated weakness around 10 a.m., when the US market opened. They argued systematic selling was suppressing rallies. The idea spread quickly across social media.

But not everyone agreed. Analysts, including Alex Krüger, pushed back.

Since January 2026, Bitcoin actually posted a cumulative 0.9% gain during that same 10 a.m. window. That does not support the idea of a guaranteed daily dump. The pattern may have reflected broader Nasdaq correlation or normal ETF flows rather than deliberate manipulation.

It is important to state clearly. There is no confirmed proof that Jane Street suppressed Bitcoin price. The theory remains a theory. Markets this large are influenced by many forces at once. Still, perception matters. And perception shifted this week.

Silver Crashes 8% as Bitcoin Surges: Coincidence?

On March 3, the chart showed a clean divergence. Bitcoin rose 5.84%. Silver fell 7.96%. That sharp opposite move caught attention immediately.

Jane Street recently became the largest holder of the SLV silver ETF. Filings show purchases of more than 20 million shares worth over $1 billion across Q4 2025 and Q1 2026. That is a serious position.

Some in the Bitcoin news community interpreted the silver crash as a pivot. The idea is that if Jane Street previously applied heavy ETF arbitrage strategies in Bitcoin, similar strategies could now impact silver.

Social media reactions were blunt. Many traders posted variations of “leave Bitcoin alone.”

Again, this remains speculation. Large firms trade across many asset classes. Silver volatility can result from macro factors, positioning, or futures flows. But the timing fed the narrative.

Lawsuit Timing and the Recent Bitcoin Rebound

In February 2026, Terraform Labs’ bankruptcy administrator filed a lawsuit against Jane Street. The complaint accused the firm of insider trading linked to Terra’s 2022 collapse. Jane Street denied the allegations and called them baseless.

After the lawsuit gained publicity, the alleged 10 a.m. Bitcoin weakness appeared to fade. Around the same time, Bitcoin rebounded from near $62,000 to $70,000. It is worth noting that this isn’t the only lawsuit or order against the Jane Street Group.

Did legal scrutiny change trading behavior? Or was the rebound simply driven by broader fundamentals like ETF flows and shifting risk sentiment? There is no direct evidence linking the lawsuit to the price move, as highlighted in today’s Bitcoin news bit. The timing is notable, but correlation does not equal causation.

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