🚨 ARTHUR HAYES UNCOVERS THE $BTC DUMP MECHANISM!

This was not retail panic. This was Wall Street plumbing causing the shakeout.

• Banks were hedging exposure tied to BlackRock’s $IBIT ETF.

• Morgan Stanley issued structured notes linked to $IBIT.

• Forced hedging by banks amplifies volatility instantly.

$BTC moves triggered massive, rapid adjustments in the system. Pay attention to the backend infrastructure!

#CryptoAlpha #Bitcoin #ArthurHayes #MarketStructure #IBIT 🚀

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