Jane Street's $19M Bitcoin transfer tests liquidity as ETF outflows and weak bids raise risk
A wallet linked to Jane Street recently moved $19 million in Bitcoin, intensifying concern over liquidation risk as BTC trades in a volatile range. After an early-week rally of about 12% from the $65k level, Bitcoin surrendered nearly 8% of those gains and saw close to $200 million in derivatives liquidations within 48 hours. Short-term holders sold around 27k BTC as prices pulled back from $70k, while roughly $600 million exited ETFs over two days, putting Bitcoin's underlying resilience and market liquidity under pressure.