❓ Why does Bitcoin take a nosedive at 10 a.m. when the US market kicks off?
Every time the market opens, Bitcoin wipes out hours of gains in just minutes! This isn't just random—it’s been happening since early November and has shown up in Q2 and Q3 too. 📉
The charts always tell the same story: a quick crash followed by a slow recovery. Looks like high-frequency trading tactics at play rather than regular selling.
And guess who’s behind it? 👀
➡️ Jane Street, one of the top high-frequency trading firms, has the speed and liquidity to make moves fast.
💱 Their game plan? Dump BTC right at market open, snag liquidity, then buy back at lower prices. Rinse and repeat!
💸 This strategy has led them to amass a whopping $2.5 billion in BlackRock’s IBIT ETF—one of their biggest positions!
So those BTC drops aren’t about overall market weakness; they’re all about one major player manipulating things. Once this accumulation phase wraps up, we can expect those trends to start climbing again! 🚀
