terra

$BTC ’s recent volatility is no longer just about macro markets — a Wall Street giant is suddenly back at the center of crypto discussion.
A fresh lawsuit filed by the Terraform Labs bankruptcy administrator accuses quantitative trading firm #JaneStreet of insider trading tied to the 2022 #Terra collapse, a disaster that erased roughly $40 billion from the crypto market. The claim alleges the firm used non-public information to exit positions moments before liquidity changes became public, intensifying the crash. Jane Street denies all wrongdoing.
The case has reignited scrutiny over how institutional market makers interact with Bitcoin markets — especially through #ETF hedging mechanisms that may influence short-term price action without direct spot buying.
At the same time, traders began speculating about recurring selling pressure allegedly linked to institutional algorithms, fueling debate about whether large players have been suppressing rallies. Even rumors alone were enough to move $BTC , contributing to sharp intraday volatility and rebounds near the $65K–$66K range.
The broader implication is bigger than one lawsuit: crypto markets are confronting how deeply traditional high-frequency trading firms are embedded in price discovery.
If institutional mechanics — not retail sentiment — are driving liquidity cycles, Bitcoin’s next moves may depend less on narratives and more on Wall Street structure itself.

#JaneStreet10AMDump