Jane Street stepping back for two days doesn’t “cause” a market pump by itself, but it does change the feel of the tape.
When a top-tier market maker goes quiet, spreads can widen, liquidity gets thinner, and price can travel farther on less size. That’s how you get these clean-looking green candles across majors and random alts at the same time.
BNB, BTC, ETH, SOL moving together isn’t the surprise.
The tell is the breadth: DOT ripping, DENT flying, NEAR/APT/FIL/UNI all printing big 24h moves. That’s usually what a softer orderbook looks like.
Here’s what I’m watching: If liquidity comes back and these levels hold, the move is real.
If liquidity returns and we snap back fast, it was just a thin-market squeeze.
In markets like this, the edge is simple: Don’t chase strength into empty depth.
Wait for pullbacks, watch bid support, and respect volatility.
Two days without a big liquidity provider can make price look stronger than it actually is.
The next 48 hours will show whether this was conviction or just low-resistance flow.
