Arthur Hayes: The sharp decline in BTC may be due to traders' hedging operations on IBIT, which will look for points that could trigger significant volatility
Arthur Hayes posted on platform X: "The sharp drop in BTC may be due to traders hedging against IBIT structured products. I will compile a complete list of all notes issued by banks to better identify the triggers that may lead to sharp price increases and decreases. The rules of the game have changed, and we must keep up with the times."
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