‘Big Short’ Exposed: Did a Hong Kong Hedge Fund Trigger the Bitcoin Price Crash?

2026-02-14 07:38:46

Abstract generation in progress

Story Highlights* A massive “blowout” in BlackRock’s IBIT options suggests the February 5 crash was a derivatives-driven event.

Multiple “breadcrumbs” point to a specific Hong Kong-based fund.
New evidence suggests a sophisticated counterparty executed a ‘Big Short’ style play.

BTC2,05%

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