#JaneStreet10AMSellOff Over the past several months, crypto traders and analysts have observed a recurring pattern in the market: Bitcoin often experienced predictable intraday sell-offs around 10 a.m. Eastern Time. Market participants began informally referring to this as the
#JaneStreet10AMSellOff, suggesting that a large liquidity provider or market-making firm, widely believed to be Jane Street, might have been exerting systematic influence on intraday price movements. Whether or not this was the case, the perception itself had real effects on market psychology, trading behavior, and risk