Key Insights:
- Jane Street wallets accumulated 205 BTC worth about $15M, creating headlines in crypto news column.
- Michael Saylor’s Strategy (MicroStrategy) added 22,337 BTC ($1.5 billion), marking its largest purchase since November 2024.
- On-chain data from CryptoQuant shows whale accumulation and a positive Inter-Exchange Flow Pulse, suggesting Bitcoin may be entering a new uptrend phase.
Crypto news watchers woke up to fresh Jane Street news this morning after analysts noticed the firm was active again. Earlier this month, the company was accused of crypto manipulation by dumping BTC.
However, this time around, the firm’s wallets were buying up serious amounts of BTC instead of offloading.
The high-frequency trading powerhouse made crypto news headlines due to insider trading accusations. Jane Street allegedly had a heavy hand in the 2022 Terra Luna implosion, and the case is still ongoing.
On-chain tracker, Lookonchain, spotted the move first. Arkham Intelligence data shows that addresses believed to be linked to Jane Street acquired 205.36 BTC worth $15.08 million from BitMEX and LMAX Digital.
The inflows coincided with the recent rise in Bitcoin price action as the asset jumped 3.1% in the last 24 hours to trade at $73,749. Analysts are speculating that this behavior could be signaling the start of the much-awaited bullish relief.
Crypto News: Strategy Adds Another 22.3K BTC
Another interesting crypto news concerning Jane Street is its connection to Strategy. Saylor just bought another 22,337 BTC ($1.57 billion) at $70,194 last week.
This constitutes the largest purchase this year, and the biggest since November 2024.
Strategy now holds 761,068 BTC ($56 billion) at an average price of $75,696, and is currently sitting on an unrealized loss of $1.6 billion (-2.77%).
Michael Saylor’s company is now close to breaking even again on its BTC holdings now that Bitcoin is back around $74,000.
Aside from this recent purchase, Jane Street happens to be one of the top institutional shareholders of Strategy. Some of the other large heavy hitters exposed to Strategy include Vanguard, Capital Research, BlackRock, State Street, UBS, Cantor Fitzgerald, Geode Capital, and Bank of America.
In short, even though the Bitcoin accumulation among these institutions appears unrelated, there may be a high chance of coordination to own large amounts of BTC.
Institutions buy Strategy, and Strategy buys BTC for them. Having said that, the BTC enthusiasts are keeping close track of the latest crypto news developments.
On-Chain Data Shows Fresh Crypto Accumulation
Institutional buys are only mimicking what is happening on the chain, as data from CryptoQuant shows Bitcoin liquidity is rotating again.
The Bitcoin Inter-Exchange Flow Pulse (IFP) just turned positive for Bitcoin, after crossing above its 90-day moving average.
Historically, the most bullish cycle shifts occurred after extended periods in which the indicator remained below its 90-day moving average (red zones). The current signal appears in a similar context, which has also made headlines in the crypto news space.
The indicator has begun to recover and has now crossed its trend filter. This is after a prolonged contraction in inter-exchange flows throughout 2025,
At the same time, the exchange BTC whales ratio is at its highest level in six years. This signals that, aside from institutions buying, large investors are also following this trend.
When the exchange whale ratio increases, it marks a short-term bottom, and when the ratio is at its peak, it is the point where an uptrend begins.
On the other hand, the ratio of retail investors is at its lowest level over the past 6 years. This means retail is doing what they have always done best—buy at high prices and sell at low.
These on-chain indicators signal that Bitcoin is at the start of an uptrend. The exchange whale ratio also indicates that the current level is the bottom.