Is the Crypto Bottom In? Jane Street Sued and 2 More Signals Flagged

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The crypto market, as if awakened from a deep slumber, delivered one of its most audacious recoveries in weeks. Bitcoin, that dear fluctuating beast, leapt from a humble $63,000 to a more extravagant $68,000, while altcoins danced with double-digit gains. And as the market roared, nearly $400 million in short positions were liquidated within a mere 24 hours, as if traders had simply handed their money over to the winds of fortune.

In the latest of his cryptic video analyses, our hero, the crypto analyst Dan Gambardello, connected three signs of the apocalypse: the Jane Street lawsuit, RSI levels that made even the most hardened traders tremble, and macro indicators that, according to him, most traders were too busy to care about. But what are a few lost signals in the world of crypto, really?

Jane Street Sued Over Terra Insider Trading

Ah, Jane Street. A firm so deeply involved in the collapse of TerraUSD, they practically live in its shadows. Terraform Labs, in a truly dramatic move, filed a lawsuit accusing Jane Street of using insider knowledge to profit from the $40 billion TerraUSD disaster of 2022. They claim Jane Street unloaded their UST holdings on May 7, 2022, mere hours before the stablecoin’s value plummeted into oblivion.

The real intrigue, however, lies in the timing. The very day after the lawsuit surfaced, the long-awaited “10 AM manipulation” pattern, which traders had watched with bated breath for months, suddenly stopped. And lo and behold, Bitcoin jumped a whole $2,000, while $120 million worth of shorts vanished faster than a magician’s trick.

Now, Gambardello, ever the cautious soul, made it clear that this is pure speculation-a conspiracy-level theory, not a confirmed thesis. Jane Street, with all the grace of a cornered cat, called the accusations “baseless” and “desperate.” But when has that ever stopped the rumor mill?

Bitcoin RSI Drops to Lowest Level in History

Let us now turn to the melancholic state of Bitcoin’s weekly RSI, which has fallen to a woeful 25.6. It’s the lowest level in Bitcoin’s history, a number so oversold it might make even the most seasoned investor quiver. The last time it dropped below 30, we were living in the halcyon days of January 2015 when Bitcoin was worth just a whisper over $200, and again in December 2018 when it huddled near $3,500. And both times, miraculously, Bitcoin found its footing and began to rise.

However, let us not be so quick to celebrate. Gambardello, wise as he is, warned against jumping to conclusions. After all, in 2022, we saw a similar oversold signal, yet the real bottom did not appear for months. So, if you’re itching to put all your chips on Bitcoin, take a moment to breathe, dear reader. Don’t get too cocky just yet.

“Don’t sit here and be so certain the bottom is in. Time to go 10x, 20x, right? We’ll track that journey as it happens, but manage your risk,” he said, offering a touch of wisdom that could save your wallet from utter ruin.

Is This the Start of Altcoin Season?

Oh, the altcoins. Once the neglected stepchildren of the crypto world, they are now making their moves. XRP surged by 7%, ADA shot up by 12%, LINK soared by 13%, and ETH climbed a modest 9%. The OTHERS/BTC chart is sitting at oversold levels, and the MACD line, that beloved market indicator, has crossed above the signal line for the first time in months. It’s a sight for sore eyes, one might say.

But wait-don’t start throwing parties just yet. BTC dominance still reigns supreme, and the Altcoin Season Index sits languishing at a meager 35, far from the 75 needed to signal an official altseason. It’s like a party where the guests haven’t yet arrived, and the punch is still sitting untouched on the table.

To add more spice, Gambardello pointed to the Russell 2000, which appears to be mimicking the structure of 2015-2017, a period known for its pre-altcoin bull run. And with PMI data landing on Monday, the stage may be set for something interesting-if not a bit dramatic.

This Might Interest You: Altcoins Outperform Bitcoin After Supreme Court Tariff Ruling: Altcoin Season Starting?

What Crypto Holders Should Watch Next

Bitcoin now trades at $68,190, that ever-elusive number, teasing us with its potential. The Jane Street legal battle rages on, PMI data will soon arrive, and the question remains: will this bounce turn into a real reversal, or will it fall flat like so many before it?

“We are, in my opinion, nowhere near the top of the move, even though maybe it looks like it,” Gambardello said, his tone dripping with the sort of cool detachment that only an experienced trader can muster.

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2026-02-26 15:53