@techinnovator007
Arthur Hayes says the recent BTC dump likely wasn’t bad news or retail panic 🔥
his take: big banks hedging exposure from derivatives tied to BlackRock’s Bitcoin ETF (IBIT). when price hits certain hidden levels, they’re forced to rapidly buy or sell spot BTC to hedge, creating sudden sell pressure and sharp drops.
he’s now trying to map these trigger levels, because they can cause violent moves up or down.
bitcoin today is increasingly driven by ETFs, wall street products, and complex financial mechanics — not just simple supply/demand.
if you’re still trading like it’s 2017, ngl, you’ll struggle. adapt or get left behind.
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