Market Manipulation? $BTC
Analysts atย Bitcoinย For Corporations have accused JP Morgan Chase of causing theย October 10 crypto market crash, citing a 42-day-old document that preceded the $19 billion liquidation cascade.
Adrian, an analyst at Bitcoin For Corporations,ย saidย the Oct 10 crash feels manufactured. He pointed to aย JPMorgan investor noteย warning that MicroStrategy (now Strategy) risked being dropped from the MSCI USA and Nasdaq 100 indexes, estimating $2.8 billion in outflows for the largest Bitcoin corporate holder.
โThis document has been public for 42 days. The market ignored it for 6 weeks.โ
โNow suddenly, after several red days in November, JP Morgan dug it up to FUD fears of โde-listing riskโ? They recycled an expired story to accelerate a sell-off,โ Adrian said.
Timeline Exposes JP Morgan Coordinated Attack on Bitcoin Treasury Companies Adrian alleged that the timed release of the document by MSCI (Morgan Stanley Capital International) was an attack on $MSTR and digital asset treasury companies.
โThey want you to think this delisting decision is organic. The timeline proves it is discriminatory theater.โ
Adrianโs timeline analysis traces four critical moments between May and October.
It began on May 14 when Jim Chanos announced his โLong $BTC, Short $MSTRโ trade, which Adrian called a blatant attempt to sway market sentiment.
Two months later, on July 7, JP Morgan implemented a firmwide margin hike on $MSTR trading from 50% to 95%, a move Adrian described as choking off leverage to force liquidations and manufacture selling pressure.
The situation escalated on September 12 when Metaplanetย announcedย a capital raise, prompting what Adrian claims was an MSCI panic over companies adopting the Saylor Playbook at scale.
The timeline culminated on October 10 when MSCI announced an extension of its consultation, exactly 16 minutes before President Trumpโs tariff announcement at 4:50 PM EDT triggered the crypto flash crash.