The 10 AM "Slam" Ends? Why the Jane Street Lawsuit is Pumping the Market
For months, the crypto community has watched a mysterious "mechanical" sell-off hit the charts at exactly 10:00 AM ET, liquidating retail longs and suppressing
$BTC rallies. Today, the "Jane Street 10 AM Dump" narrative has taken an explosive legal turn.
The Legal Bombshell
The bankruptcy estate of Terraform Labs has filed a massive lawsuit against trading giant Jane Street, alleging "privileged back-channel information" was used to front-run the $40 billion
$LUNA collapse in 2022.
The most shocking part? Traders noticed that the moment the lawsuit went public, the daily 10 AM selling pressure abruptly stopped.
Market Reaction
Without the "10 AM Slam" capping the price, the market has seen a massive relief rally:
BTC surged back toward $70,000.
$ETH and $SOL both saw double-digit gains.
The "short squeeze" of the year is underway as those betting on the daily dump are being liquidated.
Is this the end of institutional price manipulation, or just a temporary pause while the "algos" are recalibrated? One thing is certain: the "death of the dump" is the best news the bulls have had in weeks.
What’s your take? Was the 10 AM dump a coordinated strategy or just market structure? Let us know below!
#writetoearn #JaneStreet10AMDump #BTC #LUNA #MarketAnalysis