Bitcoin Crash Linked To BlackRock IBIT Hedging, Arthur Hayes Claims
Arthur Hayes, co‑founder of BitMEX, has pointed to hedging tied to BlackRock’s iShares Bitcoin Trust (IBIT) as a major driver behind the recent Bitcoin sell‑off. According to Hayes, dealer hedging related to IBIT and similar structured products can force large, mechanical selling when markets move against those positions. Reports note that such moves can amplify… Continue reading Bitcoin Crash Linked To BlackRock IBIT Hedging, Arthur Hayes Claims