Arthur Hayes Says Bitcoin Drop May Be Caused By Institutional Hedge

Arthur Hayes pointed to institutional dealer hedge strategies for the ongoing Bitcoin (BTC) price selloff. As Bitcoin price dropped below its crucial bull support bands, Hayes noted that institutional dealers were forced to sell Bitcoin to hedge against their positions in structured products such as BlackRock’s iShares Bitcoin Trust ETF (IBIT). “BTC dump probably due […] Read The Full Article Arthur Hayes Says Bitcoin Drop May Be Caused By Institutional Hedge On Coin Edition.