10 o'clock no longer selling? Is it the court ringing the bell or the market waking up?
Recently, with the lawsuit surrounding Jane Street, the market's most sensitive aspect isn't the progress of the verdict but the timing— the previous pattern of almost "selling precisely at 10 a.m. every day" suddenly disappeared. Coincidence? Or has the liquidity structure truly changed? Rational analysis: The core logic of large market makers and arbitrage institutions is risk control and model stability. When faced with legal uncertainty, strategy contraction and position reduction are routine operations. If the volume of certain high-frequency or cross-market hedging orders decreases, the selling pressure during fixed time periods naturally weakens. This isn't necessarily "admitting defeat," but more likely "reducing noise." But don't think of the market as a solo game. The 10 o'clock selling pressure could also be a self-fulfilling expectation—traders placing orders in advance, creating a stampede. Now that the rhythm is disrupted, bulls gain a breathing space. Conclusion: The lawsuit may be a trigger, but what truly changes are expectations. The alarm clock stopped, which doesn't mean no one is selling—just that the rhythm has slowed down. #BTC能否重返7万美元?
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10 o'clock no longer selling? Is it the court ringing the bell or the market waking up?
Recently, with the lawsuit surrounding Jane Street, the market's most sensitive aspect isn't the progress of the verdict but the timing— the previous pattern of almost "selling precisely at 10 a.m. every day" suddenly disappeared. Coincidence? Or has the liquidity structure truly changed?
Rational analysis: The core logic of large market makers and arbitrage institutions is risk control and model stability. When faced with legal uncertainty, strategy contraction and position reduction are routine operations. If the volume of certain high-frequency or cross-market hedging orders decreases, the selling pressure during fixed time periods naturally weakens. This isn't necessarily "admitting defeat," but more likely "reducing noise."
But don't think of the market as a solo game. The 10 o'clock selling pressure could also be a self-fulfilling expectation—traders placing orders in advance, creating a stampede. Now that the rhythm is disrupted, bulls gain a breathing space.
Conclusion: The lawsuit may be a trigger, but what truly changes are expectations. The alarm clock stopped, which doesn't mean no one is selling—just that the rhythm has slowed down. #BTC能否重返7万美元?