Arthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices. In a February 7 post on X, Hayes pointed to structured financial products linked to BlackRock’s iShares Bitcoin Trust (IBIT). Hayes Flags Hidden Risks in Bitcoin ETF Notes He argued that falling Bitcoin prices force financial institutions that issue these notes to sell the underlying asset to manage their risk exposure. Finance professionals refer to this pro ...

wintermute bought 2,622 btc in 10 hours deploying $230m into bitcoin at $87.6k. $27b in options expire december 26 on deribit, half their entire open interest gone in one event. market makers stop delta hedging short calls after expiry. wintermute doesn't drop $230m without seeing the unwind coming. ...

Group 1 - SEI plans to offer 1.8 million borrowed Class A common shares at a price of $44.00 per share [1] - The offering is intended to facilitate delta hedging transactions [1]