Market: Bitcoin and Majors Rally as Jane Street "10 a.m. Sell-Off" Rumor Takes a Break

Bitcoin and leading cryptocurrencies surged in the latest session, with BTC approaching 70k and adding substantial market value. The rally featured short liquidations, renewed buying interest, and a shift to positive sentiment.

A notable observation is the apparent halt in the much-discussed "10 a.m." sell-off pattern. Traders had observed consistent pressure around that time window for an extended period, potentially linked to liquidity dynamics or large participant activity. Recent scrutiny involving a prominent trading firm coincided with the pattern stopping, allowing prices to hold or climb through the usual dip zone.

While causation is debated—factors like short squeezes, steady inflows, and strong earnings from tech and finance sectors also drove momentum—the absence of routine selling helped extend the gains. Majors like ETH and SOL posted solid double-digit increases, making the move feel widespread.
This development highlights how microstructure elements can shape short-term price behavior. Cleaner trading periods in bullish setups amplify upside potential. With fundamentals supportive and institutional demand rebuilding, the rally has room if momentum persists.

Watch whether the pattern stays paused or returns. In the meantime, focus on risk management and quality positions during volatility.

What stands out to you in the recent rally? Let's hear your analysis.

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