Bitcoin Crash Linked To BlackRock IBIT Hedging, Arthur Hayes Claims
Arthur Hayes, co‑founding father of BitMEX, has pointed to hedging tied to BlackRock’s iShares Bitcoin Trust (IBIT) as a serious driver behind the latest Bitcoin promote‑off. According to Hayes, vendor hedging associated to IBIT and comparable structured merchandise can drive massive, mechanical promoting when markets transfer towards these positions. Reports be aware that such strikes…
