💭 Arthur Hayes explained the reason behind BTC’s drop

According to Arthur Hayes, the current drawdown is not driven by investor panic, but by the mechanics of banks and market makers.

Banks sell structured products linked to the IBIT ETF, and when certain price levels are reached, dealers are forced to hedge aggressively.

Hayes believes these automatic selling and buying flows are what trigger sharp market moves.$BTC

BTC

66,903.48

+1.52%