Galaxy Digital Research Director Alex Thorn refuted the claim that Jane Street's trading activities caused a sharp drop in Bitcoin prices, calling this theory a "Twitter-style self-soothing" and artificially created controversy. He believes that quantitative firms like Jane Street typically employ delta-neutral strategies such as basis trading or arbitrage, questioning their motives to deliberately suppress prices. Thorn acknowledged that Wall Street has a negative attitude toward Bitcoin but believes this attitude is mistaken.
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Galaxy Digital Research Director Alex Thorn refuted the claim that Jane Street's trading activities caused a sharp drop in Bitcoin prices, calling this theory a "Twitter-style self-soothing" and artificially created controversy. He believes that quantitative firms like Jane Street typically employ delta-neutral strategies such as basis trading or arbitrage, questioning their motives to deliberately suppress prices. Thorn acknowledged that Wall Street has a negative attitude toward Bitcoin but believes this attitude is mistaken.