[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ARTHUR HAYES ON WHY BTC SUDDENLY DROPPED
Arthur Hayes says Bitcoin likely sold off because banks were hedging bets tied to BlackRock’s $IBIT ETF.
He cited Morgan Stanley “structured note” linked to IBIT — basically a bank-made bet on Bitcoin’s price.
When $BTC moves, banks have to quickly buy or sell to protect themselves, which can amplify big price swings.
Hayes says he’s now tracking these products to see where the next big moves could come from.
#CMEGroup計劃推出CME代幣 $BTC