The post Jane Street’s 10 a.m. Bitcoin Dump: Manipulation or Overblown? appeared on BitcoinEthereumNews.com.

Claims that Wall Street trading firm Jane Street triggers a daily 10 a.m. Bitcoin “dump” resurfaced on December 12, after BTC saw a sharp intraday drop.  Social media speculation once again pointed to institutional traders and ETF market makers. A closer look at the data, however, tells a more nuanced story. Sponsored Sponsored What is the “Jane Street 10 a.m.” Narrative? The theory suggests Bitcoin often sells off around 9:30–10:00 a.m. ET, when US equity markets open. Jane Street is frequently named because it is a major market maker and an authorized participant for US spot Bitcoin ETFs. The allegation claims these firms push prices lower to trigger liquidations, then buy back cheaper. However, no regulator, exchange, or data source has ever confirmed such coordinated activity. Bitcoin Futures Data Doesn’t Show Aggressive Dumping Bitcoin traded sideways today through the US market open, holding a tight range near $92,000–$93,000. There was no sudden or abnormal sell-off exactly at 10:00 a.m. ET. The sharp drop came later in the session, closer to mid-day US hours. BTC briefly fell below $90,000 before stabilizing, suggesting delayed pressure rather than an open-driven move. Bitcoin futures open interest across major exchanges remained broadly stable. Total open interest was nearly flat on the day, indicating no large buildup of new short positions. Sponsored Sponsored On CME, the most relevant venue for institutional trading, open interest declined modestly. That pattern typically reflects risk reduction or hedging, not aggressive directional selling. Total BTC Futures Open Interest. Source: CoinGlass If a major proprietary firm were driving a coordinated dump, a sharp spike or collapse in open interest would normally appear. It did not. Liquidations Explain the Move Liquidation data provides a clearer explanation. Over the past 24 hours, total crypto liquidations exceeded $430 million, with long positions accounting for the…

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Filed under: News - @ December 12, 2025 7:27 pm