{"id":11973,"date":"2026-02-27T11:24:05","date_gmt":"2026-02-27T11:24:05","guid":{"rendered":"https:\/\/www.coinspeaker.com\/tr\/?p=11973"},"modified":"2026-02-27T11:24:05","modified_gmt":"2026-02-27T11:24:05","slug":"bitcoinde-150-000-dolar-bekleyisi-btcnin-150-bin-dolara-ulasmasini-engelleyen-nedenler-neler","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/tr\/bitcoinde-150-000-dolar-bekleyisi-btcnin-150-bin-dolara-ulasmasini-engelleyen-nedenler-neler\/","title":{"rendered":"Bitcoin\u2019de 150.000 Dolar Bekleyi\u015fi: BTC’nin 150 Bin Dolara Ula\u015fmas\u0131n\u0131 Engelleyen Gizli Sebep Ne!"},"content":{"rendered":"

Kripto para piyasas\u0131, Bitcoin fiyat\u0131n\u0131n neden 150.000 dolar seviyesini k\u0131ramad\u0131\u011f\u0131na dair s\u00f6ylentilerle \u00e7alkalan\u0131yor.<\/p>\n

\u00d6zellikle Jane Street gibi dev kurumlar\u0131n fiyat\u0131 bask\u0131lad\u0131\u011f\u0131na dair iddialar g\u00fcndemde olsa da uzmanlar bu anlat\u0131y\u0131 reddediyor.<\/p>\n

Amerika Birle\u015fik Devletleri’ndeki Bitcoin<\/a> ETF sisteminin arkas\u0131ndaki yap\u0131sal fakt\u00f6rlere dikkat \u00e7ekiyorlar.<\/p>\n

Bitwise dan\u0131\u015fman\u0131 ve ProCap CIO’su Jeff Park, Jane Street’in rol\u00fcn\u00fcn genellikle yanl\u0131\u015f anla\u015f\u0131ld\u0131\u011f\u0131n\u0131 ve abart\u0131ld\u0131\u011f\u0131n\u0131 belirtiyor.<\/p>\n

\u0130\u015fte uzmanlar\u0131n ETF mekanizmalar\u0131 ve fiyat hareketleri hakk\u0131ndaki \u00e7arp\u0131c\u0131 senaryolar:<\/p>\n

Bitcoin ETF Yap\u0131s\u0131 ve Yetkili Kat\u0131l\u0131mc\u0131lar\u0131n (AP) Rol\u00fc<\/h2>\n

Jeff Park, tart\u0131\u015fman\u0131n Jane Street\u2019ten ziyade Bitcoin ETF\u2019sinin kendi yap\u0131s\u0131na kayd\u0131r\u0131lmas\u0131 gerekti\u011fini vurguluyor.<\/p>\n

ABD’deki spot ETF sisteminde Jane Street Capital, JPMorgan, Goldman Sachs ve Citadel Securities gibi bir\u00e7ok dev Yetkili Kat\u0131l\u0131mc\u0131 (Authorized Participant – AP) bulunuyor.<\/p>\n

Ayr\u0131cal\u0131kl\u0131 Konum: Bu kurumlar, geleneksel a\u00e7\u0131\u011fa sat\u0131\u015f kurallar\u0131na uymak zorunda kalmadan ETF birimleri olu\u015fturma ve nakde \u00e7evirme ayr\u0131cal\u0131\u011f\u0131na sahiptir.<\/p>\n

Reg\u00fclasyon Esnekli\u011fi: AP’ler, varl\u0131klar\u0131 \u00f6nceden \u00f6d\u00fcn\u00e7 almadan ETF birimi olu\u015fturabilmelerine olanak tan\u0131yan Regulation SHO kapsam\u0131nda hareket ederler. Bu durum onlara i\u015flemlerini dengelemede muazzam bir esneklik sa\u011flar.<\/p>\n

\n

Everyone is asking: "Is Jane Street why Bitcoin isn't at $150k?" <\/p>\n

As expected, the answer is trickier than the question. But it's also more structurally unsettling than the conspiracy theory itself\u2014and once you understand the actual mechanics, you won't be able to unsee them\ud83d\udc47 pic.twitter.com\/iLEeJpDeo4<\/a><\/p>\n

— Jeff Park (@dgt10011) February 25, 2026<\/a><\/p><\/blockquote>\n