🔥 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.(Coin Bureau)