So.. Jane Street accused of insider trading that collapsed
$LUNA..
$UST de-pegs.. which creates a domino effect that destroys 3AC, FTX and crashes the entire crypto market
#Bitcoin proceeds to drop 60% to $15k
Suddenly.. Blackrock turns bullish and files an application for a spot
#Bitcoin ETF
Speculation of ETF approval sees
#BTC move from $25k to $46k
IBIT is approved in Jan 2024.. which fuels a powerful rally to new ATHs at $126k
Fast forward to October 10, 2025..
We see the worst liquidation event in crypto history due to stablecoin's de-pegging on
#Binance
$19 billion was wiped out in 24 hours..
Creates a cascading effect..
#Bitcoin drops 50% in just five months
Quick question..
Do you guys know who is the major market maker for Blackrocks
#bitcoin ETF and helps facilitate trading, liquidity and share creation/redemption for IBIT?
Funnily enough.. its Jane Street
Maybe its just a coincidence they are at the center of both the last two crypto crashes..
Where stablecoin dislocations have led to dramatically cheaper
#Bitcoin prices
Yep.. probably just a coincidence
👍