BlockBeats News, on February 26, K33 Research head Vetle Lunde released an analysis report stating that from January 2025 to February 2026, Bitcoin’s average minute return at 10:00 actually falls within the top 25% of the strongest periods throughout the day. Although there have been negative returns at 10:00 in the past four months, there are still 34 minutes during the day with worse performance.
Vetle Lunde said that Bitcoin’s volatility peaks around the release of US macroeconomic data and the US stock market open (09:31–09:37), which is a result of market microstructure closely linked to US stocks, rather than targeted manipulation at specific times. If we are to discuss “market crashes,” the performance at non-round minutes like 10:12 and 09:41 is more worth paying attention to. The market’s hot topic of “Jane Street crashing the market at 10:00” lacks data support.