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🚨 #Bitcoin Crashes—Here’s Why! 🚨


Bitcoin just hit a 3-month low, wiping out post-election gains. While many blamed Trump’s tariffs or the #ByBit hack, analyst Kyle Chasse points to a bigger issue—the collapse of a hedge fund arbitrage trade.


📉 What Happened?

Hedge funds exploited a cash & carry trade, shorting BTC futures while buying #ETFs for a risk-free 5.68% yield. Now that the trade is unwinding, they’re pulling $1.9B in liquidity, crashing Bitcoin’s price.


🔍 Key Market Impacts:

$1.9B in $BTC sold in the past week

✔ CME open interest dropping as hedge funds exit

✔ Bitcoin now testing $70K support


“Hedge funds never cared about Bitcoin—just farming yield. Now, they’re dumping.” — Kyle Chasse


Will #BTC recover from $70K, or is more downside ahead? 🤔👇 #BTC Price Analysis#

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February 28, 2025 at 10:02 AM
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