Key Insights:
Many crypto analysts claim Jane Street was responsible for suppressing the Bitcoin price below $150,000 through manipulation.
The ‘10 AM dump’ pattern disappeared following an insider trading lawsuit filed against Jane Street.
Bitcoin price now eyes the $70,000, as the price hints at fading selling pressure
A hot conspiracy theory about Bitcoin (BTC) price action and Jane Street recently went viral within the crypto community. A key question raised is whether the investment firm is the reason why Bitcoin has not climbed to $150,000.
Bitcoin traders also raised discussions after the 10 AM pattern disappeared following an insider trading lawsuit.
The Jane Street Bitcoin Price Suppression Theory
Jeff Park, an advisor to Bitwise, shared a post on X, pointed out one question circulating within the crypto community. According to Park, traders were asking why quantitative trading firm Jane Street is keeping the Bitcoin price below $150,000.
The question stems
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