Wall St’s 10AM Bitcoin Massage? Bitwise Finally Answers!

Online theorists are claiming Wall Street’s got a daily 10 a.m. routine: sneak into Bitcoin’s inbox, hit “delete,” and blame it on the moon phase. Jane Street allegedly uses a robot to sell Bitcoin at 10 a.m. like a crypto alarm clock, triggering retail investors’ wallets to spill their coins while big players do the “buy low” dance. But when regulators showed up uninvited, the alleged scheme vanished-conveniently-as Bitcoin staged a comeback stronger than my ex’s LinkedIn profile.

“No One Is Capping Bitcoin. Please Stop Watching Conspiracy Docs”

Jeff Park, a Bitwise Asset Management guru, scoffs at the theory like a man who’s seen too many bad reality TV plots. He insists institutions aren’t coordinating a price suppression squad during U.S. morning trading. Instead, he blames Bitcoin ETFs and institutional trading for the chaos-or as he calls it, “the glorious mess of market mechanics.”

The real drama? Spot Bitcoin ETFs. When demand surges, authorized participants (read: Wall Street’s version of Uber drivers) create new shares. But instead of sprinting to buy Bitcoin, they hedge with futures like it’s a crypto game of Jenga. The spot buying might come later, leaving retail investors baffled by price swings. Park calls it “ETF ballet”-elegant, confusing, and slightly exhausting.

Why 10 A.M. Isn’t That Mysterious (Spoiler: It’s Just Coffee Time)

At 10 a.m., U.S. markets are buzzing like a hive of caffeinated traders. Stocks open at 9:30 a.m., portfolios get tweaked, and Bitcoin’s correlated with the S&P 500 like it’s on a dating app. When liquidity shifts hit, Bitcoin’s order books flip faster than a vegan at a steakhouse. “It’s not manipulation,” Park insists. “It’s just the market doing its thing while you’re mid-morning scroll.”

Narrative vs. Market Structure: Who Wins?

The “10 a.m. dump” theory is as easy to spread as gossip at a Zoom happy hour. But algorithms trade at set times, liquidity shifts when banks roll in, and that’s not necessarily a “cap.” According to Park, the simpler answer is always better: “Market structure, ETF flows, and macro trends are enough to explain the chaos. No villains required.”

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FAQs

Is Bitcoin being deliberately pushed down at 10 a.m. ET?

Nope, unless your evidence is a suspiciously timed latte. Most moves align with U.S. market open chaos and ETF trading flows.

Why does Bitcoin often drop around 10 a.m. Eastern Time?

10 a.m. ET is when U.S. traders hit their desks, rebalance portfolios, and ETFs hedge like it’s their job. Spoiler: it is.

Are institutions manipulating Bitcoin through algorithms?

Algorithmic trading is normal, but timing patterns don’t equal malice. Market structure and liquidity shifts are more likely culprits than a shadowy cabal.

Why is Bitcoin correlated with the S&P 500?

Bitcoin follows macro trends and risk sentiment like a puppy follows a treat. When stocks move after market open, crypto chimes in for the drama.

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2026-02-26 12:07