📌 TOPINDIATOURS Eksklusif crypto: Is Jane Street Behind Bitcoin’s Daily Dumps? Cha
Bitcoin (BTC) continued its volatile trajectory today, slipping 0.70% over the past 24 hours. The asset’s slump has raised concerns among traders.
However, some analysts argue that Bitcoin’s performance is a result of potential price manipulation, citing a recurring pattern of declines around the US market opening, as well as institutional involvement.
Internal Manipulation vs. Market Dynamics: Decoding Bitcoin’s Decline
Bitcoin has defied all bullish expectations in Q4, a period that has historically been strong for the asset. While the October 10 market crash was a major factor behind BTC’s downturn at the start of the quarter, market watchers are now questioning the persistence of this weakness.
On the flip side, negative developments also trigger the same sell pattern. Analyst Ash Crypto highlighted that the market continues to behave irrationally and is not responding to positive developments as it typically would.
In a separate post, Ash suggested that Bitcoin’s crash from $126,000 to $80,000 cannot be dismissed as a normal market correction. He pointed out that since the October market crash and historic liquidation:
US equities have risen 8%, with many stocks hitting new record highs.
Bitcoin, however, remains 29% below its pre-crash level, and any short-term rallies have been met with heavy selling.
Roughly $500 million in liquidations occur nearly every other day, suggesting persistent forced selling.
“If it was just a leverage it should have been a very short term and the market should have bounced pretty fast but instead we kept dumping without any major bounce. This is not normal. This looks like a few big institutions are playing with the market and liquidating both longs and shorts. Another rumor in town is that many big funds blew up on October 10th and they are selling BTC to cover their losses,” he added.
Furthermore, another analyst pointed to Bitcoin’s weekend price action as evidence of the latest manipulation. The post revealed that the cryptocurrency briefly fell from around $89,700 to $87,700, triggering about $171 million in long liquidations.
Within hours, the move sharply reversed, with Bitcoin surging to around $91,200 and wiping out an additional $75 million in short positions.
“This is another example of manipulation on the low-liquidity weekend to wipe out both leveraged longs and shorts,” Bull Theory wrote.
Is Jane Street Behind Bitcoin’s Morning Dumps?
Interestingly, the market watcher also noted a clear trend: Bitcoin often experiences sharp declines around 10 a.m., after the US market opens. This pattern has been visible since early November and mirrors similar activity observed earlier in the year.
The consistency suggests a coordinated approach, rather than a random response. Bull Theory points to Jane Street, a major high-frequency trading firm, as a possible source. Jane Street reportedly holds $2.5 billion of BlackRock’s IBIT ETF, making it its fifth-largest position.
“When you look at the chart, the pattern is too consistent to ignore: a clean wipeout within an hour of the market opening followed by slow recovery. That’s classic high-frequency execution. This means most of the dump in BTC isn’t due to macro weakness but due to manipulation by one major entity,” the analysis revealed.
Chart Showing Bitcoin’s Price Drops at the US Market Open. Source: X/Bull Theory
The suspected strategy is simple. High-frequency traders dump BTC at market open, push the price into liquidity pockets, then buy back at lower levels. They repeat this cycle, benefiting from predictable volatility and accumulating billions in Bitcoin.
“Yes thats called wash trading and has been illegal on the Stock Market since 1933. No laws on crypto they can wash trade all they like till they pass Market Structure Bill. The problem with tracking Jane Street is they dont do it onchain they do it through ETFs. We cant track their moves. Wintermute uses onchain with Binance but Jane Street is tot…
📌 TOPINDIATOURS Eksklusif crypto: What Crypto Whales Are Buying Ahead of the Decem
The December 9–10 FOMC meeting is drawing intense attention as traders price in a possible 25 bps rate cut, a move that could bring a short burst of liquidity back into risk assets. The crypto market is still moving with caution, slipping about 1.1% ahead of the announcement. Still, some crypto whales are positioning early.
A handful of tokens are seeing a clear pickup in whale accumulation, with some showing rebound or breakout structures on their charts. This piece lists three of them.
Aster (ASTER)
Aster is showing one of the strongest accumulation signals from crypto whales in the past 24 hours. The token is down 4% today and more than 10% over the last month, yet whales have added 11.61% to their holdings, increasing their stash to 44.76 million ASTER at a price near $0.93. This means Aster whales added roughly 4.67 million tokens, priced at almost $4.34 million at current prices.
Accumulation into weakness is often a sign that whales expect a shift in conditions once the FOMC meeting outcome is known.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The ASTER price chart offers part of the explanation.
Between November 3 and December 7, Aster’s price formed a higher low, while the RSI (Relative Strength Index) — which tracks momentum — printed a lower low. This creates a hidden bullish divergence, a structure that often signals trend continuation and a fade in selling pressure.
The same pattern appeared between November 3 and November 29, and Aster rallied about 22% afterward. Crypto whales may be placing early bets on a similar reaction if market sentiment turns risk-on after the rate decision.
BREAKING: There is now a 94% chance that the Fed will cut interest rates on Wednesday, per Polymarket.
The ASTER price is also moving inside a tightening triangle pattern, which usually reflects buyer-seller indecision before a larger move. The first level to reclaim is $1.01. A break above that zone opens the path toward $1.08, and a stronger move may push the token toward $1.40.
But this structure fails if Aster loses $0.89, which would expose $0.84 and invalidate the trend-continuation setup whales appear to be watching.
Pippin (PIPPIN)
Pippin is the second token seeing clear accumulation from crypto whales ahead of the December FOMC meeting. Whales expanded their holdings by 18.2% over the past seven days, bringing their stash to 350.03 million PIPPIN. This means they added roughly 53.9 million PIPPIN, worth about $9.75 million at current prices.
Top 100 addresses (mega whales) have also added to their positions, increasing their holdings by 3.96%. When both whales and major holders accumulate during a cooling phase, it often signals confidence that a new move may form soon.
Pippin is up 3.06% in the last 24 hours after a quiet week, yet it remains more than 400% higher over the past month. The current structure resembles a bull flag, a continuation pattern that appears when a strong rally pauses. Whales positioning into this consolidation suggests they expect volatility to rise after the FOMC decision.
PiPPIN first needs to reclaim $0.21 and $0.26 to confirm a strong flag breakout. The breakout requires a move above $0.34, which has acted as a firm resistance since Pippin topped. At present, the PIPPIN price has broken out of the upper trendline of the flag, but a clean daily candle close above $0.21 is needed for confirmation.
If PIPPIN slips below $0.14, the structure weakens, and a fall under $0.10 could break the flag pattern completely, exposing deeper support near $0.08. For now, whales appear to be treating this consolidation as an opportunity rather than exhaustion.
Chainlink (LINK)
Chainlink is the third token seeing steady crypto whale interest ahead of the December FOMC meeting and expected rate cuts. Over the past seven days, LINK whales increased their holdings by 28.93%, raising their stash to 3.78 million LINK. At the current price, this added position is worth roughly $11.5 million.
Top-100 addresses also increased their supply by 0.62%, while exchange balances dropped by 3.09%. These usually hint at increased demand from both whales and retail.
Whale conviction aligns with what the 12-hour chart is showing. LINK is up 12.5% this week, hinting at a short-term uptrend. Between December 7 and 9, the price formed a higher low, but the RSI made a lower low, which is a hidden bullish divergence. Hidden bullish divergence often points to trend continuation because it shows selling pressure is weakening even as the price holds higher levels.
For this structure to play out, LINK needs a clean break above $13.72 with a solid 12-hour close. The more important barrier sits at $14.19, which rejected LINK earlier this week. If this level breaks, LINK could stretch toward $14.95, and above that, the next major resistance is near $16.25.
If the market turns risk-off after the FOMC meeting, the first support to watch is $12.97 at the 0.618 Fibonacci zone. Losing this level exposes $11.75, which has acted as a strong floor since December 1.
