#JaneStreet10AMSellOff

My perspective on the recent disappearance of the repeated 10AM selling pressure in Bitcoin is that it may represent an important shift in market structure and the behavior of large participants. For weeks, many traders noticed a consistent pattern in which Bitcoin would experience sharp downward moves around the same time each day, particularly in the morning trading sessions. Patterns like these often indicate systematic selling, likely executed by large institutions, market makers, or algorithmic trading programs. Such structured selling is not random; it is a deliberate method to gradually distribute positions without causing sudden, uncontrolled crashes. While effective for the sellers, this type of behavior creates temporary resistance zones and prevents strong upward momentum, even when broader demand exists. For retail traders and smaller investors, seeing these repeated drops at predictable times can psychologically condition the market, making people hesitant to buy and reinforcing downward pressure.
What makes the current situation notable is that this previously consistent selling pattern has recently weakened or disappeared. While it is impossible to attribute this change to a single cause with certainty, there are several potential explanations. One possibility is that large sellers have already completed much of their planned distribution, leaving less supply to be offloaded at these predictable times. Another possibility is that ongoing regulatory scrutiny, legal developments, or compliance requirements have caused large participants to adjust their trading strategies, making their actions less predictable or aggressive. Regardless of the exact cause, the disappearance of this repeated pressure is significant. It suggests that the market may be entering a more balanced state, where price movements are increasingly determined by natural supply and demand rather than by structured or artificial selling. This shift can create a foundation for stabilization and gradual upward continuation.
From a structural and technical standpoint, the market now appears to be in a consolidation or accumulation phase rather than a distribution phase. Accumulation is characterized by sideways price movement, reduced volatility from systematic selling, and gradual absorption of available supply by stronger hands. This phase is crucial for building a foundation for future upward trends. The longer Bitcoin can maintain support levels without repeated sharp downward moves, the more it indicates that buyers are actively defending these prices and that sellers are no longer dominating the market. Stability itself becomes a signal of strength, as it demonstrates that market participants are regaining confidence and that natural buying interest is sufficient to counter remaining selling pressure.
Resistance levels are also a critical factor to monitor in this environment. For Bitcoin to continue upward, it must break through the previous high-resistance zone, which is often around psychological and technical levels, such as $68,500–$70,000. Historically, these zones are where prior buyers who experienced losses may attempt to exit, creating additional friction for upward price movement. Breaking through these levels requires not only demand but also volume confirmation. Without sufficient volume, the price may test these resistance zones but fail to hold above them, leading to short-term pullbacks. On the other hand, if Bitcoin manages to break above resistance with strong buying momentum and volume support, it would signal that buyers have regained control and that the market may be entering its next bullish phase.
In terms of strategy, EagleEye personally prefer gradual accumulation during consolidation phases rather than waiting for a full breakout or entering all at once. Entering gradually allows participation if the market begins moving upward unexpectedly while mitigating the risk of buying too early or at elevated prices. Watching volume patterns is also essential; a strong breakout confirmed by significant trading volume would indicate renewed buyer confidence and likely continuation of the upward trend. Waiting solely for confirmation reduces risk but can also result in missed opportunities if prices rise quickly once the market stabilizes. Therefore, a balanced approach of gradual accumulation combined with monitoring key technical signals seems most effective.
Finally, from a broader perspective, the disappearance of the 10AM selling pressure suggests that market manipulation or structured selling may have weakened, creating an environment more conducive to natural price discovery. The market appears to be gradually transitioning from a phase dominated by systematic sellers to one in which supply and demand dynamics can reassert themselves. If buyers continue to defend key support levels and volume strengthens during upward moves, there is a growing probability that Bitcoin could regain momentum and challenge previous highs. While short-term volatility remains possible, the overall structural signals point to improving market balance, which historically precedes meaningful upward trends.