Jane Street was running an algorithm that sold Bitcoin every morning at 10. Every day. For months. Driving the price down. Liquidating retail investors. Rebuying at lower prices. Repeating again and again.
As soon as they were sued, it stopped. The 10 a.m. dip disappeared. Now Bitcoin has just had its best day in months. A single trading firm... That was all it took to suppress the entire cryptocurrency market for months. Now ask yourself how much of the price action in cryptocurrencies is real. How many people sold out of panic because the charts looked bad? How many people were liquidated? How many billions were stolen from ordinary people in a single trading desk? And this is just the first one we've caught so far... it's about to get VERY interesting.
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Jane Street was running an algorithm that sold Bitcoin every morning at 10. Every day. For months. Driving the price down. Liquidating retail investors. Rebuying at lower prices. Repeating again and again.
As soon as they were sued, it stopped. The 10 a.m. dip disappeared. Now Bitcoin has just had its best day in months.
A single trading firm... That was all it took to suppress the entire cryptocurrency market for months.
Now ask yourself how much of the price action in cryptocurrencies is real. How many people sold out of panic because the charts looked bad? How many people were liquidated? How many billions were stolen from ordinary people in a single trading desk?
And this is just the first one we've caught so far... it's about to get VERY interesting.