Bitcoin Adds $120B as Jane Street Dump Ends

 Bitcoin jumps 10% and adds $120B after Jane Street lawsuit as 10 AM drop pattern pauses; crypto market gains $200B.

Bitcoin recorded a sharp rebound within two days of a lawsuit filed against Jane Street, and traders noted a shift in a recurring 10 AM price pattern. 

The timing drew attention across the crypto market, as prices climbed and selling pressure eased during a period that had often seen declines.

Bitcoin Price Reversal After Five Red Weeks

Bitcoin rose about 10% over the past two days. The move added nearly $120 billion to its market value.

Market data showed the weekly candle turned green after five straight red weeks.

The rebound came after a prolonged period of weakness. During that stretch, Bitcoin faced steady selling pressure and lower weekly closes.

The recent price action marked the first clear break in that sequence.

Trading volumes also increased during the rally. Analysts observed stronger spot demand, while derivatives data showed reduced short pressure.

The shift supported the broader market recovery.

Bitcoin Daily Price Chart Analysis

On the daily price chart, Bitcoin is showing early signs of recovery after a strong sell-off pushed the price near the $60,000 level. 

The daily chart reflects a bounce toward $68,000, while recent candles indicate renewed buying interest. Despite this move, the broader structure still reflects a prior series of lower highs.

Momentum indicators are beginning to stabilize. 

The MACD histogram has turned positive, and the MACD line is moving closer to a bullish crossover.

This suggests downside momentum is weakening, though confirmation requires sustained upward movement.

Bitcoin rebounds toward $68K on the daily chart.
Bitcoin rebounds toward $68K on the daily chart. Source: TradingView

Immediate resistance is located between $70,000 and $72,000. A decisive break above that zone could support further upside.

If price fails to hold above $65,000, downside risk toward the $60,000 support level may return.

The Bitcoin 10 AM Drop Pattern and Market Attention

For months, some traders pointed to a recurring 10 AM sell-off in Bitcoin and informally called it the “Jane Street dump,” though no formal link was proven. 

For weeks, traders tracked price declines around that hour, and social media users described it as a recurring sell-off window.

The pattern was widely discussed but not formally verified by exchanges or data firms.

This week, Jane Street was named in an insider trading lawsuit, and the timing drew attention across trading desks.

The following morning at 10 AM, Bitcoin moved higher instead of posting another sharp drop.

The absence of the usual decline was noted by short-term traders and market observers. No direct link has been confirmed between the lawsuit and the price shift.

Market participants acknowledged the timing but avoided firm conclusions. Data providers have not released formal research confirming a structured 10 AM trading pattern.

Related Reading: Bitcoin Set to Drop to $44K-$35K in 2026, Analyst Warns 

Broader Crypto Market Adds $200 Billion

The broader crypto market also moved higher during the same period. Total market value increased by nearly $200 billion.

Major assets such as Ethereum and Solana posted gains alongside Bitcoin.

The recovery followed weeks of volatility across digital assets. Sentiment had remained cautious due to macroeconomic concerns and regulatory developments.

The recent gains improved short-term momentum. Market observers continue to monitor price action around the 10 AM window.

It remains unclear whether the earlier pattern will return. Traders are watching both legal developments and trading flows for further direction.

Source: https://www.livebitcoinnews.com/bitcoin-adds-120b-after-jane-street-lawsuit-ends-the-10-am-dump-pattern-analysis/