🤡 Jane St. Rigging $BTC

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Morning morning, fam! ☕

The countdown is on: the Fed decision drops early morning Dec 11. ⏰

Cut odds just hit 95% on Polymarket! 🤯 But be careful. Last cut (Oct 29), $BTC actually dumped from $112k → $106k instead of pumping. 🩸

Are we walking into another "sell the news" trap, or is this time finally different? 🤭 Liquidity is loading, but don't ignore history!

Here’s what we got for you today:

• 👀 Has the market already bottomed?

• ⭐ Why $BTC gets dumped every morning

• ⭐ Binance "insider" caught shilling memecoins

• 🔥 Burning hot takes for the road

The market feels weak, boring, and "heavy" right now. That is exactly how smart money wants you to feel. 🧠

While the crowd assumes sideways action means a crash is coming, the charts tell a different story. We broke down the 4 Major Assets ($BTC ( ▲ 0.46% ) , $ETH ( ▲ 2.26% ) , $BNB ( ▼ 0.52% ) , $BCH ( ▼ 2.73% ) ) and found they are all quietly respecting massive long-term trendlines.

⏰ THE "10 AM CURSE": WHY BITCOIN DUMPS EVERY MORNING

You wake up, check your portfolio, and the birds are singing. Everything is green. Life is good. ☕️

Then the clock strikes 10:00 AM ET (US Market Open) and... BAM. 💥

$BTC ( ▲ 0.46% ) erases 16 hours of gains in just 20 minutes.

If you feel like you’re taking crazy pills, you aren’t alone. This pattern has been repeating daily since early November.

So, what the hell is going on?

Short answer: It’s not macro weakness. It’s likely a whale game.

Long answer: Analysts (shoutout @ZeroHedge) are pointing the finger at Jane Street, one of the world's biggest High-Frequency Trading (HFT) firms.

1. The Jane Street Theory

• The Dump: Slam BTC at the open to trigger stop-losses.

• The Flush: Push price down into liquidity pockets (where panicked retail traders sell).

• The Re-Buy: Scoop up cheap coins at the bottom.

• Repeat.

Just look at the price action - the pattern is clearer than day: US Market Opens → BTC gets nuked for the first hour → After that: Price slowly claws its way back

(Fun fact: Jane Street currently holds $2.5B of BlackRock’s IBIT ETF. They are buying the dip they created.)

2. Who Is Falling For It? (The Victims)

While the whales play games, the on-chain data shows exactly who is getting shaken out. It’s the miners and the short-term holders.

New data from BitcoinArchive highlights two critical capitulation signals:

• Hash Ribbons have flipped Bearish. This means miners are under pressure and selling off their rewards just to keep the lights on.

• Short-Term Holder NUPL is Negative. This measures "Net Unrealized Profit/Loss." When it goes negative, it means recent buyers are panic-selling at a loss.

This is the ultimate Bear Trap. 🐻

We are witnessing a forced capitulation. The big players are shaking the tree to see if you fall out.

But here is the silver lining: History says this is a bottom signal.

Every time we see Miner Capitulation coincide with Retail Panic, it usually marks the end of the bleeding. The "10 AM Dump" is frustrating, but it’s artificial…

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🚨 CAUGHT IN 4K: THE BINANCE "INSIDER" SCANDAL EXPOSED

While the market was focused on charts, a wild scandal exploded right under our noses on $BNB ( ▼ 0.52% ) Chain.

Binance just confirmed they suspended an employee after a rogue promotional tweet pumped a memecoin 12,000% in minutes. It’s a classic case of insider trading, but with a twist: the market didn't care. In fact, traders FOMO'd harder after the news broke.

1. The Scripted Setup

This wasn't an accident. The narrative was planted days in advance.

• On Dec 4th, the official Binance account posted a quote from Raoul Pal (from Binance Blockchain Week) about planting seeds wisely and harvesting, using a "Yellow Fruit" metaphor.

• On Dec 7th, at 12:29 PM, the account posted a call-back to this "Yellow Fruit."

• Less than 60 seconds later (12:30 PM), the token "Year of the Yellow Fruit" launched on-chain

The tweet was quickly deleted, and Binance’s internal audit team flagged it immediately. They confirmed an employee abused their access to pump their own bag.

2. The Market’s Reaction

You would think a confirmed insider scam would kill the token, right? Wrong. After the news broke that it was an insider job, the token actually pumped higher to a new all-time high of $0.0061.

Why? Because in crypto, "insider attention" is often valued more than "legitimacy." Degens bet that the controversy would bring more eyeballs. (Spoiler: It did 🙃).

Well…

This is embarrassing for Binance, but their response was solid. They acted fast, suspended the employee, and even offered a $100k bounty to the whistleblowers who flagged it. This isn't the first time. Back in March, Binance had to discipline a Wallet Team employee for similar insider info abuse.

But let’s be real, this is a symptom of the current "Memecoin Mania." BNB Chain has become a hotbed for speculation recently (rivaling Solana), and where there is liquidity, there are bad actors.

• The Good News: Binance is cleaning house publicly.

• The Bad News: If an official exchange account can be used to rug-pull retail, we still have a long way to go on internal security.

Stay safe out there. If a tweet looks too good to be true (and gets deleted in 1 minute), you are probably the exit liquidity. 📉

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🔥 BURNING HOT TAKES FOR THE ROAD

CFTC now allows $BTC, $ETH, and $USDC ( ▲ 0.01% ) as collateral for derivatives. Huge win for capital efficiency, institutional bags can finally get to work. Read more

SEC ended its probe into Ondo Finance ($ONDO ( ▲ 2.22% ) ) with zero charges. The regulatory cloud is lifting, and RWAs are pumping on the news. Read more

Trump approved Nvidia chip sales to China, but Uncle Sam takes a 25% cut. It’s officially a "pay-to-play" model for AI exports. Read more

MicroStrategy ($MSTR ( ▲ 2.63% ) ) just smashed the buy button for another $1B in Bitcoin at ~$90k avg. Saylor’s chasing the breakout. Read more

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.