TechFlow News, February 7: Arthur Hayes, co-founder of BitMEX, posted on social media stating that Bitcoin’s sharp price drop this week may be linked to traders hedging using IBIT—the BlackRock Bitcoin Spot ETF—a structured product. “I will compile a list of all notes issued by banks,” he added.
Earlier reports indicated that Parker White, COO of Solana treasury firm DeFi Development Corporation (listed on U.S. stock exchanges), expressed a similar view: “This week’s BTC crash may stem from highly leveraged Bitcoin bets by Hong Kong hedge funds going awry.”





