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Is the Lawsuit Behind the Disappearance of the "10 O'Clock Selling Pressure"? Has Manipulation Resistance Really Weakened?

For several months, many traders noticed a recurring pattern: Bitcoin and the broader market often faced sharp downward pressure right around 10 a.m. New York time. The drops were consistent enough that people started calling it the "10 o'clock dump"—sometimes 3–5% moves that felt almost mechanical. Speculation pointed toward large players or market makers providing liquidity in a way that allowed controlled selling at predictable times.

Then came the high-profile lawsuit news involving a major trading firm. Allegations centered on insider information, liquidity manipulation during key events, and profiting at the expense of others in past market stress periods. Almost immediately after the details surfaced in late February 2026, the 10 a.m. pattern vanished. For several consecutive days, that time window passed with no notable selling pressure—instead, prices held steady or even climbed.

Is the lawsuit directly responsible? The timing is striking. When a firm faces serious legal claims (damages, disgorgement, regulatory scrutiny from multiple jurisdictions), it’s reasonable to expect a temporary pullback in aggressive tactics. Continued visibility could invite more investigations, so dialing down anything that looks coordinated makes sense from a risk-management standpoint.

At the same time, markets are rarely driven by one factor alone. The pause in selling pressure also overlapped with heavy short liquidations, renewed ETF inflows, and positive spillover from strong corporate earnings in tech and finance. These elements created natural buying momentum that could have masked or replaced the old pattern regardless of legal developments.

Still, the coincidence is hard to ignore. If manipulation resistance has indeed weakened—even temporarily—it could lead to cleaner price discovery in the short term. Fewer predictable dumps mean less forced liquidations for retail traders and potentially more organic volatility driven by real supply/demand.
The big question now is sustainability. Will the pattern stay gone once headlines fade, or was this just a brief pause? If legal pressure continues or expands, we might see a longer-term shift toward less structured selling. For now, the absence of that daily resistance has helped Bitcoin stabilize around $67,000 and keep the rebound alive.

Do you believe the lawsuit played a real role, or do you think other forces were more decisive? Share your take below.

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