Allegations have surfaced accusing trading firm Jane Street of manipulating Bitcoin prices by executing large sell-offs daily at 10:00 a.m. EST. However, market analysts argue that the observed volatility aligns with the opening of Wall Street and the Nasdaq, rather than any deliberate manipulation. On-chain data indicates positive returns during this time, contradicting claims of a systematic price drop. Julio Moreno from CryptoQuant suggests that Jane Street's actions resemble a standard hedging strategy typical of delta-neutral funds, rather than market manipulation. Analyst Alex Krüger supports this view, noting that Bitcoin has averaged a 0.9% gain during the alleged manipulation window since the start of the year. Experts from Coin Bureau further argue that Bitcoin's market depth and liquidity make it resistant to control by a single entity, attributing recent price weaknesses to broader geopolitical and economic factors.