It appears that the sell-off at 10 a.m. UTC, around 1:00 PM EET, truly stopped after Terraform Labs' lawsuit against Jane Street on February 24, 2026, for manipulation in 2022: daily BTC/altcoin dumps of $100–500M at 10–11 AM UTC disappeared, the market stabilized with a +9.2% increase in BTC and an influx of $1.2 billion into ETFs — a 95% correlation according to Artemis/Coinglass data. Legal pressure on market makers: Jane Street, top-MM Jump Trading/Cumberland, are accused of spoofing and algo-dumps during the Terra crash, with SEC and CFTC investigations plus whistleblowers and ex-Jane insiders forcing a pause; open interest shorts are down 15%, liquidated, but the risk of restart remains if resistance levels are exceeded. Evidence and impact data: Glassnode shows zero dumps since February 24 compared to over 25 consecutive days; BTC hourly candles are stable, volume is up 25% without sell spikes. Context: Similar to FTX 2022 — a lawsuit removed FUD, Nasdaq correlation with Nvidia and Circle fuels the rally; Terra lawsuit claims are pressuring market makers to reduce aggressive tactics.

Crypto World News reports that Whale Alert tweeted: 1,769 Bitcoins (worth approximately $119 million) were transferred from an unknown wallet to Coinbase Institutional.

Bitcoin Jumps 7% Past $69K as Buyers Return - - #ark #fomo #gbtc