Market Analysts Dismiss Jane Street Manipulation Claims

Recent online claims have accused quantitative trading company Jane Street of pressuring Bitcoin's price through programmatic sell-offs at the US market open. However, market analysts argue that this pattern is not consistent and cannot be attributed to a single entity.

According to data provided by CryptoQuant's head of research, Julio Moreno, buying spot exposure while selling futures is a common approach for delta-neutral funds seeking to capture spreads rather than directional price moves.

Macro analyst Alex Krüger disputed the claims by sharing blockchain data pointing to Bitcoin recording cumulative returns of 0.9% in the 10 a.m. to 10:30 a.m. window since January 1, claiming it was not a 'systemic dump'.