Was Jane Street Dumping $BTC Daily?

Bitcoin has just taken back the $67, 000 to $68, 000 range with a sharp breakout that slashed a wave of short positions and added more than $100 billion to its market capitalization within 24 hours.

Coincidentally with the rally, a popular narrative resurfaced on crypto social media: the so called 10AM dump had suddenly ceased, and some users accused Jane Street as the supposed force that had been bringing the selling pressure.

However, does any solid proof exist that Jane Street was on a daily basis systematically dumping Bitcoin at 10:00 AM Eastern Time?

Let’s separate observation from assumption.

What Is the “10AM Dump”?

The “10AM dump” is an informal trader term describing a recurring pattern where $BTC often sold off around 10:00 AM ET.

That time window matters because:

US equity markets open at 9:30 AM ET

The first hour typically carries the highest liquidity

Major US macroeconomic data is often released at 8:30 AM or 10:00 AM

ETF flows and institutional hedging adjustments frequently occur during this period

Many traders observed that overnight strength during Asia and European sessions would sometimes reverse shortly after the US open. Over time, this repeated behavior evolved into a narrative that a large institutional player was deliberately selling into that liquidity pocket.

However, elevated volatility around the US open is common across asset classes. It is not unique to crypto.

Why Was 10AM Important This Time?

What made this session different was that Bitcoin did not sell off during the usual window.

Instead:

BTC broke through resistance

Shorts were liquidated

Momentum accelerated

Price reclaimed key technical levels

When a widely watched intraday pattern fails to appear, traders often interpret it as a signal in itself. The absence of expected selling can suggest:

Selling pressure has been absorbed

Positioning has flipped

A short squeeze is underway

Liquidity above resistance is thin

But a broken pattern does not automatically confirm that prior moves were caused by coordinated manipulation.

What Is the Lawsuit About?

The legal narrative stems from the collapse of Terraform Labs, the company behind the failed Terra ecosystem including TerraUSD.

Terraform has made allegations within litigation that certain trading firms, including Jane Street, engaged in structured trading activity tied to UST during its peg defense period.

Important context:

These are legal allegations within an ongoing dispute

There has been no court ruling establishing Bitcoin market manipulation

The claims relate to UST and Terra related mechanics, not proven daily BTC dumping

There is currently no verified evidence showing that Jane Street executed systematic daily Bitcoin sell programs at 10AM.

Was Jane Street Dumping BTC Daily?

Objectively, there is no confirmed proof of coordinated daily Bitcoin dumping by Jane Street.

More common explanations for repeated 10AM volatility include:

ETF hedging adjustments

Market maker gamma positioning

Options expiry dynamics

Liquidity concentration at US market open

Algorithmic portfolio rebalancing

Scheduled macroeconomic data releases

Large quantitative trading firms often choose to trade during peak liquidity windows for the reason that their trading becomes more efficient. That by itself does not infer manipulation.

What Caused Probably the Recent Bitcoin Price Rally?

The recent breakout aligns more closely with:

A short squeeze triggered by crowded positioning

A liquidity vacuum above resistance

Heavy derivative imbalance

Broader macro uncertainty

Institutional participation during US hours

When markets are heavily skewed to one side, the absence of expected selling can fuel rapid upside cascades.

That structure fits the rally more convincingly than the idea that a single large seller suddenly disappeared.

Final Verdict

The “10AM dump” appears to be a trader observed pattern, not documented proof of coordinated daily manipulation.

The lawsuit involving Terraform and Jane Street concerns Terra related events, not established systematic Bitcoin selling.

So far, the available evidence does not support the claim that Jane Street was dumping BTC every day at 10AM.

In markets, narratives move quickly.

Evidence usually moves slower.

And at this stage, the evidence does not confirm the 10AM dumping theory.

#bitcoin $BTC