[washedup]

I personally love Jane Street lore. I think there is a lot of value to this theory, but people saying BTC would be at $150,000 feels misguided, since there are a lot of complex stories developing across the global economy. A lot of the sell off since October is, not only due to these ETF mechanisms, but also a general liquidity crunch that also affected performance of traditional software companies as economic uncertainty grows. I am reading more about bitcoin as a "canary in coal mine" for global liquidity uncertainty, a lot of which is coming from the current US Admin around tariffs, data reporting methodologies, and other policies.

[paulpauper]

If the market felt btc was truly 'worth' $150k, it would have gotten there regardless of jane street. this is just cope.