🍿 What happened?
Wow! Did everyone get blinded by a few super green candles yesterday (the 25th)? 😂 Waking up to find my wallet recovering feels so good!
$BTC Yesterday, it directly skyrocketed to $70,000, flying high with $ETH and $SOL ! It is said that within one day yesterday, the entire crypto market 'gained weight' by 170 billion dollars, this rebound is too exaggerated!
But! The key point is here (knocking on the blackboard), everyone is currently spreading a super spooky 'conspiracy theory': Is this surge because the biggest 'invisible big boss' in the crypto world, Jane Street, has temporarily pulled back?
In the past few months, hasn't everyone been cursing "10 AM Eastern Time, precisely crashing the market"? As a result, just as Jane Street was reported to be facing a lawsuit, this "crash curse" disappeared! And then the coin price just... whoosh～took off! 🚀 This timing is so coincidental that it makes my scalp tingle!
🌸 Hana's musings: Deep dive into the "invisible giant of Wall Street" Jane Street
A friend asked Hana: "Isn't this company just a market maker? Is it really that exaggerated?"
Oh my god! Hana just checked their financial reports and background, and after reading, her jaw dropped to the ground! 😱 This is not an ordinary company; this is a "money printer"!
Come on, Hana will tell you three points about why it is terrifying:
💰 Earning ability crushes banks:
Don’t be fooled by its low profile; its net revenue in 2024 is 20.5 billion dollars! What concept is this? It earns more than top investment banks like Goldman Sachs! And it has way fewer people than them! This efficiency is simply outrageous!🎓 Cryptocurrency "villain" training class?:
This is the most explosive point! Everyone knows SBF (founder of FTX) and his ex-girlfriend Caroline, both came from Jane Street!
Even the Luna crash incident is rumored to be related to their former intern. So many people say that Jane Street is basically the "Huangpu Military Academy" of the crypto world (although it seems that the people they train end up turning the industry upside down...🫢)🌊 The dealer holding the "tap":
Their trading volume in 2020 exceeded 17 trillion dollars (higher than many countries' GDPs!)
In the crypto world, they are both the "tap" (providing liquidity for buying and selling) and potential "tsunami creators." When such a giant breathes in the market, retail investors really feel like ants🐜
So this time they are caught up in lawsuits, the market feels like: "Phew~ the pressure seems a bit less!" Is this melon getting sweeter? 🍉
So now the community is discussing, if this "big seller" really stops due to legal troubles, does that mean the road ahead will be much smoother? However, there is no solid evidence yet; while everyone enjoys the gossip, we still need to view it rationally.
#JaneStreet #Bullrun