🚨 #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#



