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The 10am Drop: How Jane Street Broke Bitcoin's Price Bitcoin should be at least $150,000 right now and everyone knows it. Yesterday, a federal lawsuit was filed in Manhattan that explains exactly why it isn't. Let's connect three threads for the first time: a federal insider trading case built on a private chat group called "Bryce's Secret," a pattern of systematic 10am sell programs that suppressed Bitcoin's price through late 2025, and an undisclosed derivative book that may make the largest Bitcoin ETF position in history a tool for suppressing the price of Bitcoin. All three threads lead back to one name: Jane Street Capital.