đš HAYES: WHY BTC DROPPED
Arthur Hayes says Bitcoin sold off due to banks hedging bets tied to BlackRockâs $IBIT ETF.
đ Morgan Stanleyâs structured note linked to IBIT is a bank-made bet on BTC's price.
đ When $BTC moves, banks MUST quickly buy/sell to protect themselves â AMPLIFYING big price swings.
đ Hayes is now tracking these products for the next potential moves!