The Jane Street manipulation narrative blew up recently. "They were systematically dumping BTC at 10am daily via their ETF role." Great story. One problem: economist Alex Kruger pulled the actual IBIT return data and found no systematic 10am dump. The moves closely mirror Nasdaq performance. Narratives follow price, not the other way around. Stick to your system.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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