Arthur Hayes: Bitcoin crash may stem from a dealer's hedging activities on IBIT structured products.

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On February 7th, Arthur Hayes posted on social media that his initial assessment was that the sharp drop in BTC might have stemmed from traders' hedging activities with IBIT (BlackRock Bitcoin Spot ETF) structured products. He will subsequently compile a systematic list of all relevant notes issued by major banks to more clearly identify the key triggers that could cause such drastic price fluctuations.

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