[Arthur Hayes: The crash may stem from traders' hedging operations on IBIT, will look for points that may trigger sharp fluctuations] Golden Finance reported that Arthur Hayes posted on X: 'The BTC crash may be due to traders' hedging operations on IBIT structured products. I will compile a complete list of all notes issued by banks to better identify potential trigger points for sharp price surges or drops. The rules of the game have changed, and we must keep up with the times.'