JP Morgan Accused of Manufacturing Oct 10 Crash Using 42-Day-Old Document
Analysts at Bitcoin For Corporations have accused JP Morgan Chase of inflicting the October 10 crypto market crash, citing a 42-day-old doc that preceded the $19 billion liquidation cascade.
Adrian, an analyst at Bitcoin For Corporations, said the Oct 10 crash feels manufactured.
He pointed to a JPMorgan investor note warning that MicroStrategy (now Strategy) risked being dropped from the MSCI USA and Nasdaq 100 indexes, estimating $2.8 billion in outflows for the biggest Bitcoin company holder.
“This doc has been public for 42 days. The market ignored it for six weeks.”
“Now abruptly, after a number of purple days in November, JP Morgan dug it as much as FUD fears of ‘de-listing danger’? They recycled an expired story to speed up a sell-off,” Adrian stated.
Timeline Exposes JP Morgan Coordinated Attack on Bitcoin Treasury Companies
Adrian alleged that the timed launch of the document by MSCI (Morgan Stanley Capital International) was an assault on $MSTR and digital asset treasury firms.
“They need you to suppose this delisting determination is natural. The timeline proves it’s discriminatory theater.“
Adrian’s timeline evaluation traces 4 vital moments between May and October.
It started on May 14 when Jim Chanos introduced his “Long $BTC, Short $MSTR” commerce, which Adrian known as a blatant try and sway market sentiment.
Two months later, on July 7, JP Morgan implemented a firmwide margin hike on $MSTR buying and selling from 50% to 95%, a transfer Adrian described as choking off leverage to pressure liquidations and manufacture promoting stress.
The state of affairs escalated on September 12 when Metaplanet announced a capital increase, prompting what Adrian claims was an MSCI panic over firms adopting the Saylor Playbook at scale.
The timeline culminated on October 10 when MSCI introduced an extension of its session, precisely 16 minutes earlier than President Trump’s tariff announcement at 4:50 PM EDT triggered the crypto flash crash.
“No approach that is only a coincidence. They used the macro panic as a smokescreen to bury the announcement.“
Fear Was Amplified To Cause the Oct 10 Crypto Crash
Crypto commentator Mario Nawfal has additionally accused JPMorgan of amplifying worry with a bearish observe as BTC and MSTR weakened, calling it “basic Wall Street timing.”
He concluded that “the Oct 10 crash wasn’t a elementary breakdown. It was a technical panic created by sudden index danger in a harassed market.“
Investment banker Simon Dixon accused JPMorgan of utilizing “vassalization techniques” to regulate Saylor’s Strategy.
He stated Saylor was owned by Wall Street the second he accepted company debt, and that banks are manipulating Bitcoin’s value whereas Saylor centralizes Bitcoin in a Wall Street wrapper.
Dixon additionally criticized Saylor for encouraging individuals to borrow in opposition to Bitcoin, enabling centralization by means of liquidations.
Saylor Response And the Future of Bitcoin and MSTR
Saylor has now responded to the claims, saying MicroStrategy is an working firm with software program income and BTC-backed credit score merchandise, not a fund.
In a publish titled “Response to MSCI Index Matter,” he stated MSCI classification doesn’t outline the corporate.
“Our technique is long-term, our conviction in Bitcoin is unwavering, and our mission stays unchanged.“
MSCI’s last determination comes on January 15, 2026, and analysts stay of the opinion that the JP Morgan alarm has coincided with MSTR’s poor efficiency.
In Q3, JP Morgan, BlackRock, and Vanguard sold over $5 billion in $MSTR shares.
JP Morgan alone dumped 25% of its holdings earlier than the MSCI determination.
BTC is now 12% lower than at first of 2,025, and MSTR shares have plunged 56% month-to-month and 41% prior to now month alone.
Given Strategy’s inventory lives and dies by Bitcoin’s efficiency, Cryptonews analysts said that it might have extreme penalties forward.
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