The largest market maker for Bitcoin ETF, Jane Street, is being sued by the United States, China, and India.

This Jane Street is a quantitative firm that manipulates BTC following the traditional approach of commodity ETFs, which has led BTC into endless volatile fluctuations. Quantitative firms directly profit from short-term trading, so during this bull market, BTC has been oscillating with hardly any clear trend. Stock traders fear quantitative firms, and crypto traders are the same—both are vulnerable to sudden shocks.
However, for ordinary retail investors, only a clear trend can truly generate profits. Jane Street is a cancer in the crypto world, and now that it’s been sued by three superpowers, it’s probably going to fade away. One less cancer in the crypto space. #BTC能否重返7万美元？