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Jane Street Lawsuit Coincides With Bitcoin’s Best Day in Months as ’10 a.m. Dump’ Disappears

Jane Street Lawsuit Coincides With Bitcoin’s Best Day in Months as ’10 a.m. Dump’ Disappears

Author:

Global Cryptocurrency

Published:

2026-02-26 09:45:02

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BTCCSquare news:

Bitcoin surged past $70,000 and ethereum gained 13% as crypto markets added $170 billion in capitalization Wednesday. The rally coincided with news of an insider trading lawsuit against Jane Street Group, sparking trader speculation about the disappearance of a notorious 10 a.m. sell-off pattern.

Onchain analysts noted the absence of the usual morning dump—a phenomenon some attributed to Jane Street's alleged trading practices. 'For months, 10 a.m. meant one thing: the Jane Street dump. Today? bitcoin rips higher instead,' remarked analyst Nonzee.

The lawsuit, filed by Terraform Labs' bankruptcy administrator, alleges misconduct during the TerraUSD collapse. While no public evidence directly links Jane Street to coordinated selling, Bloomberg's Eric Balchunas observed 'the bogeyman is gone' as markets rebounded sharply.

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