Market Analysts Dismiss Jane Street Dump Theory, Citing BTC Resilience

Market sentiment surrounding Jane Street's alleged influence on Bitcoin prices continues to evolve. Analysts argue that the company's actions are not as significant as previously thought, citing the cryptocurrency's resilience.

In recent weeks, Jane Street Group increased its holdings in the iShares Bitcoin Trust ETF (IBIT) by 53.78%, lifting their position to approximately 20.32 million shares. This move was seen as a sign of confidence in Bitcoin's future value.