Analysts Counter Claims of Jane Street's Systematic Price Dump

Market analysts have questioned claims of a systematic price dump by Jane Street, a financial services company with significant Bitcoin holdings.

Allegations of questionable trading practices surfaced after a lawsuit tied to Terraform Labs implicated Jane Street in potential manipulation of the cryptocurrency market.

CryptoQuant head of research Julio Moreno stated that buying spot exposure while selling futures is a common strategy among delta-neutral funds, which are designed to capture spreads rather than directional moves.

Macro analyst Alex Krüger further disputed the narrative, citing blockchain data that shows Bitcoin has recorded cumulative gains of approximately 0.9% in the 10am-10:30am window since January 1.