BTCUSD Today February 26: Jane Street 10am Sells, Terra Suit Stokes Risk
Jane Street is back in focus today, February 26, with alleged 10 a.m. ET selling patterns and a new Terra-related suit fanning volatility. For Canadians tracking BTCUSD, Bitcoin price today sits near US$64,068, after an intraday range of US$62,535 to US$64,988. The mix of legal risk and timed order flow is raising short-term manipulation concerns around spot Bitcoin and U.S. ETFs. We break down what this backdrop could mean for MicroStrategy MSTR, BlackRock IBIT, and local positioning.
Why 10 a.m. ET Matters for Bitcoin Today
Trading data points to a recurring 10 a.m. ET wave where Jane Street is said to sell Bitcoin and rotate into MicroStrategy exposure. Reports also suggest accumulation in MSTR alongside these moves. This pattern, if active today, can amplify spreads and slippage around the top of the hour. For context on the allegations and trade chatter, see coverage from Yahoo Finance.
Bitcoin price today shows high realized swings. ATR sits near 3,849 and ADX near 49.9, signaling a strong trend. The intraday range is US$62,535 to US$64,988, with RSI around 41.9. Bollinger lower band is near US$58,447 and middle near US$70,289. A push below US$62,500 risks momentum breaks, while a reclaim over US$65,000 could squeeze shorts if liquidity thins at 10 a.m. ET.
Terra Lawsuit Adds a Legal Overhang
A new suit accuses Jane Street of insider trading linked to Terra’s 2022 collapse, adding headline risk exactly as liquidity windows concentrate. While outcomes are uncertain, even allegation cycles can widen spreads and prompt de-risking in spot and ETF flows. For details on the case and context, see the report from the Wall Street Journal.
BlackRock IBIT closed near US$36.53 after a US$35.60 to US$36.71 range. Technicals flag a strong downtrend bias, with ADX near 43.2 and RSI near 41.9. If Jane Street-related headlines hit during U.S. cash hours, IBIT spreads can widen briefly, especially around 10 a.m. ET. Canadians using U.S.-listed ETFs should account for FX and potential intraday tracking error.
Read-through to MicroStrategy and Equity Plays
Reports indicate Jane Street built a sizable stake in MicroStrategy. If that bid reappears, it could temper downside in MSTR even as Bitcoin chops. MSTR trades near US$124.61 with a US$118.40 to US$126.74 intraday band. Street sentiment skews bullish (17 Buy, 1 Hold, 2 Sell). Earnings are slated for April 30, 2026, which may add another catalyst to watch.
Canadians can pair spot or U.S. ETF exposure with TSX-listed funds like BTCC, EBIT, or BTCQ to manage FX and tax. Consider staggering limit orders away from 10 a.m. ET to reduce impact cost. Use disciplined sizing, hedge with cash or short-duration T‑bills, and review stop levels daily given fast shifts around legal headlines and concentrated liquidity windows.
Key Levels and a Simple Playbook for Today
Key supports sit near US$62,500 and the Bollinger lower band around US$58,447. Resistance appears at US$65,000 and the middle band near US$70,289. With RSI at 41.9 and MACD stabilizing, fading extreme moves with tight risk can work. A clean hold above US$65,000 improves odds of a push toward US$68,000 if liquidity improves after the 10 a.m. ET churn.
Given the attention on Jane Street, avoid market orders near the top of the hour. Enter with limits, split orders into smaller slices, and monitor depth on IBIT and futures basis. If spreads widen, step back and reassess. Intraday traders can trail stops below US$62,500. Longer-term buyers can scale bids near the lower band with predefined invalidation.
Final Thoughts
Jane Street sits at the center of two market drivers today: an alleged 10 a.m. ET selling pattern and a fresh Terra-related legal overhang. Together, they raise near-term volatility for Bitcoin price today and related proxies like MSTR and IBIT. For Canadian investors, focus on execution quality, not just direction. Use limit orders away from crowded windows, pair U.S. exposure with TSX ETFs when FX matters, and size positions for wider swings. Watch US$62,500 support and US$65,000 resistance into the U.S. morning session. If headlines hit, let the first move pass before acting. A rules-based plan will beat reacting to noise.
FAQs
Why does 10 a.m. ET matter for Bitcoin today?
Liquidity often shifts as U.S. cash markets settle. Reports suggest Jane Street activity clusters near 10 a.m. ET, which can move spreads and slippage. If you trade intraday, avoid market orders right at that time, use limits, and reassess after the first few minutes once depth normalizes.
How could the Terra lawsuit affect prices now?
Allegations alone can widen spreads and spur de-risking, even before any ruling. If headlines about Jane Street escalate, ETFs and spot markets may see brief dislocations. Keep position sizes modest, monitor spreads, and set alerts around key levels like US$62,500 and US$65,000.
Is MicroStrategy MSTR a better buy than Bitcoin today?
They are different exposures. MSTR adds company and capital structure risk on top of Bitcoin beta, but it can rally faster on positive flows. Analysts skew bullish, yet volatility is high. Many investors split exposure between MSTR and spot or ETFs to balance catalysts and tracking.
What should Canadian investors watch with BlackRock IBIT?
Check spreads, volume, and basis versus spot. Around 10 a.m. ET, temporary tracking error can appear if flows bunch up. Consider pairing IBIT with a TSX-listed Bitcoin ETF to manage FX, and always use limit orders to control execution in fast markets.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.