Bitcoin Price Crash Attributed to Wall Street Manipulation by Analyst

Bitcoin Price Manipulation

Crypto analyst Bull Theory attributes recent Bitcoin price declines to Wall Street traders, notably Jane Street.
At 10 a.m. ET, when the U.S. market opens, Bitcoin often erases gains quickly, suggesting market manipulation.
Jane Street, a major high-frequency trading firm, allegedly dumps BTC at market open, pushing prices down and re-entering at lower levels.
It is claimed that Jane Street holds $2.5 billion in Bitcoin ETFs, making it a significant market player.

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FOMC Meeting Impact

Analyst Ali Martinez warns of potential Bitcoin decline after FOMC meetings.
Historically, six out of seven FOMC meetings have led to Bitcoin price corrections.
Recent rally to $94,500 was driven by anticipation of a Fed rate cut, with a 90% chance for a 25 bps reduction according to CME FedWatch.
Current Bitcoin price stands at approximately $92,600.

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