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Did you know that almost all crypto collapses were caused by a single institution?
It's called Jane Street. It’s not a crypto company. It’s one of the largest trading firms in the world: they move 10% of all North American equities, and in a single quarter, they earned more than Goldman Sachs, JPMorgan, and Bank of America combined. And they’re not even required to disclose their moves. They operate in the shadows. This has given them the opportunity to do almost anything.
For months, they dumped Bitcoin at the same time every day. First at 10 a.m. When everyone started to notice, they pushed it back to 8 a.m. Week after week. Systematic.
What many don’t know is that Sam Bankman-Fried and Caroline Ellison, the protagonists of the biggest fraud in crypto history, trained as traders at Jane Street. When Terra Luna collapsed, Jane Street had already exited with insider information, shorted the market, and accelerated the fall to the very end. Regarding FTX, the operational pattern points in the same direction, although this has not been legally confirmed: all signs indicate they also opened shorts on FTX with insider information, but there’s no lawsuit yet to prove it.
Yesterday, a lawsuit against Jane Street was made public in New York. At the same time Bitcoin always fell, there was no drop. Instead, there was a surge upward. And today, on the second day without Jane Street, Bitcoin is trading over 5% higher and Ethereum over 8%. The coincidence is too significant to ignore.
Meanwhile, Jane Street has not only been manipulating the market downward. Currently, it is the largest holder of BlackRock’s Bitcoin ETF, ranked in the top 1. They have been holding back the price on one side and accumulating on the other.