The Bitcoin Matrix

Peruvian Bull - 2026 Is Already Breaking Every Rule: Here's What Comes Next

Mar 9, 2026
Roberto Rios (Peruvian Bull), a macro commentator and Bitcoin-focused analyst, joins to break down market-moving stories. He traces the Jane Street lawsuit to Bitcoin price action. He explores The Great Taking, phantom shares and fails-to-deliver, China’s covert gold buildup, silver’s escape from paper suppression, and Japan’s fragile bond market.
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INSIGHT

Jane Street Lawsuit Coincides With Bitcoin Rally

  • Jane Street is alleged to have used inside information and market-making to suppress Bitcoin and profit, and the Terraform lawsuit coincided with a sudden Bitcoin rally above $68k.
  • Roberto Rios links the absence of the daily "10 a.m. slam" and Jane Street's MSTR accumulation as evidence of coordinated price manipulation.
INSIGHT

How Market Makers Mask Naked Shorts

  • Market makers can use on‑book long positions as hedges while running off‑book shorts, effectively facilitating naked shorting and delaying deliveries.
  • Rios explains rotating shares and FTDs lets firms appear long while sustaining persistent short pressure in stocks and Bitcoin proxies.
ADVICE

Prefer Self Custody Over Brokered Stocks

  • Avoid assuming full ownership when you buy equities; understand many retail holdings are beneficial ownership, not title.
  • Rios still holds equities selectively but recommends buying Bitcoin and self‑custody to guarantee true ownership.
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