Was the Hedge Funds? Crypto X is actively discussing a theory that the recent Bitcoin sell-off may have been driven by Asian hedge funds, rather than retail panic.

Here's the story making the rounds:

Several Hong Kong-based funds allegedly held large positions in IBIT (BlackRock's Bitcoin On top of that, they reportedly used a carry trade strategy - borrowing cheap yen, adding leverage via options, and betting on $BTC upside.

What adds fuel to the theory:

IBIT trading volume spiked to $10B in one day, roughly 2x the daily average

On crypto exchanges, there were very few classic retail liquidations, unusual for a $BTC dump of this size Hard confirmation (or denial) will only come in May, when funds file their 13F reports.

#WhaleDeRiskETH #BitcoinGoogleSearchesSurge #bitcoin #WhenWillBTCRebound