When liquidity thins, narratives get louder. BTC bounced ~2.5% to $66.3K as speculation swirled around alleged algorithmic selling from Jane Street. The firm denies manipulation claims, and many traders question the “10am slam” theory. What’s measurable: order books are described as “razor thin,” overhead liquidity was reportedly pulled, and $333M in 24h liquidations (≈$213M shorts) helped fuel the move. Technically, $66K now sits as key resistance from prior range lows and the 4H trend. Reclaim it, and short-term relief expands. Fail, and structure remains fragile. Is this rebound driven by positioning and liquidity gaps??
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