Disclosure of a controversial case: Why hasn't #Bitcoin reached $150,000?

There has been a lot of discussion on Twitter that a Wall Street giant named Jane Street used sophisticated methods and special access to suppress the price of #Bitcoin. I tried to write a summary of these events and you can read the details by searching Jane Street.

🔻The "Bryce's Secret" case and the fall of Luna
It all started with an intern named Bryce who went from Terra to Jane Street. According to court documents, he gave confidential information about Luna and Terra to his new company in a secret chat group called "Bryce's Secret". Using this rent, Jane Street sold her assets just minutes before the collapse of the $40 billion Luna network and not only escaped loss, but also made a huge profit.

🔻The “10 AM” Algorithm
Traders noticed a strange phenomenon in 2025: every day at 10 AM (the time the US stock market opens), the price of #Bitcoin would suddenly and precisely fall.

What was the goal? To create fear and volatility to liquidate the trades of people who had bought with leverage.

Interestingly, these 10 AM drops stopped as soon as the lawyers got involved, but started again as the margins subsided.

🔻Fraud in official reports
In its public reports, the company Jane Street claims to have bought hundreds of millions of dollars in #Bitcoin ETF shares (such as BlackRock’s IBIT). People think that the company is a “pro” #Bitcoin when they see these reports, but the reality is something else:

The rules allow companies to only announce their purchases and keep their short bets secret.

Analysts believe that Jane Street is buying on one hand and betting on the fall of #Bitcoin on the other (in hidden markets) to profit from the overall price decline.

🔻Black history in India
The company did not only do this in the cryptocurrency market. In 2025, the Securities and Exchange Board of India (SEBI) fined the company for market manipulation. They made 735 crores (a huge amount) in a single day by moving prices in their favor.

🔻Finally, we all know that #Bitcoin is valuable because there are only 21 million of it (scarcity). But when a company like Jane Street, due to its special role in ETFs, can create “fake supply” with complex financial instruments and drive the price down whenever it wants, that “scarcity” feature in the market is challenged. Until there is complete transparency about all the positions (buying and selling) of these large companies, it can be said that the price of #Bitcoin is determined not by real supply and demand, but by the algorithms of these financial giants.
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