Jane Street ran an algorithm that sold Bitcoin every morning at 10 for months. The price drops, small investors panic, liquidations explode. Then they buy back at the low. The same cycle repeated every day.
When a lawsuit was filed, these sales suddenly stopped. The 10 o'clock dip disappeared. #Bitcoin also experienced one of its best days in months.
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Jane Street ran an algorithm that sold Bitcoin every morning at 10 for months. The price drops, small investors panic, liquidations explode. Then they buy back at the low. The same cycle repeated every day.
When a lawsuit was filed, these sales suddenly stopped. The 10 o'clock dip disappeared. #Bitcoin also experienced one of its best days in months.