1 month ago
Bitcoin (BTC) sought to reclaim $65,000 arsenic enactment into Wednesday’s Wall Street unfastened arsenic rumors swirled astir US organization pressure.
Key points:
Bitcoin bounces 2.5% arsenic speech turns to alleged selling unit from Wall Street trading institution Jane Street.
Jane Street rebuts claims of crypto marketplace manipulation during the 2022 carnivore market.
“Razor thin” bid books boost BTC terms volatility.
Bitcoiners statement Jane Street “10am terms slam”
Data from TradingView tracked a BTC terms rebound, taking BTC/USD to $66,300 connected Bitstamp earlier the brace consolidated.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Daily terms gains remained astatine much than 2% astatine the clip of writing, portion crypto marketplace participants became progressively funny successful imaginable deliberate BTC terms suppression.
A mentation circulating connected societal media revolved astir secretive quantitative concern steadfast Jane Street, present subject to ineligible action by defunct crypto institution Terraform Labs.
Coordinated algorithmic selling of Bitcoin astatine 10am Eastern clip daily, it alleged, provided the main impetus for months of BTC terms downside opening successful October 2025.
What Happened Today:
>Jane Street was exposed for monolithic manipulation of the crypto marketplace and for being down the TerraLuna collapse.
>An insider leaked that they were forced to unopen down their trading algos.
> nary 10am terms slam for the archetypal time.
>8pm, Bitcoin…
Amid the ongoing ineligible proceedings, Jane Street whitethorn person been forced to suspend its trading strategy, leaving the marketplace to set higher.
The Terraform Labs ailment makes circumstantial notation to “market manipulation” that impacted crypto passim 2022, the twelvemonth successful which Bitcoin enactment successful its last carnivore marketplace bottommost of $15,600 successful Q4.
Jane Street told Cointelegraph that the accusations were “baseless, opportunistic claims.”
The 10am argument, meanwhile, failed to person many. Crypto YouTuber Wise Advice was among them, suggesting that the mentation was excessively simplistic to beryllium valid.
🚨 Everyone connected CT close now:
“Jane Street got sued.”
“10AM manipulation stopped.”
“ $BTC yet free.”
Do you truly deliberation they’re that stupid?
You’re talking astir Jane Street.
A apical quant firm.
And they supposedly:
• Ran a disposable regular pattern
• Let everyone way it…
BTC terms versus “razor thin” liquidity
Commenting connected the latest BTC terms move, traders remained cautious.
Related: Bitcoin ETF sell-off is ‘purification’ of bull case, capitalist says
“$BTC is facing large absorption astatine $66k - from some the section scope lows and the 4h trend,” trader Jelle wrote successful his latest analysis connected X.
“Flipping that could spark short-term relief, but until that happens, the inclination is clear. Don't combat it.”
BTC/USD four-hour chart. Source: Jelle/X
Keith Alan, cofounder of trading assets Material Indicators, said that a “razor bladed bid book” connected exchanges had contributed to the terms rebound.
Overhead merchantability liquidity, helium told X followers, had been pulled successful beforehand of US President Donald Trump’s State of the Union address.
Looks similar we got a extortion propulsion conscionable earlier Trump's State of the Union Address, and $BTC terms ripped done a razor bladed bid book. pic.twitter.com/bgBtwg6aaZ
— Keith Alan (@KAProductions) February 25, 2026The 24-hour crypto liquidations totaled $333 cardinal astatine the clip of writing, per information from CoinGlass, with shorts accounting for $213 cardinal of that figure.
Crypto liquidation past (screenshot). Source: CoinGlassThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision. While we strive to supply close and timely information, Cointelegraph does not warrant the accuracy, completeness, oregon reliability of immoderate accusation successful this article. This nonfiction whitethorn incorporate forward-looking statements that are taxable to risks and uncertainties. Cointelegraph volition not beryllium liable for immoderate nonaccomplishment oregon harm arising from your reliance connected this information.
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