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Monad Co-founder: The conspiracy theory that Jane Street is suppressing Bitcoin below $150,000 doesn't hold water
Svmuu News: Keone Hon of Monad posted on X, stating that the conspiracy theory alleging Jane Street suppressed Bitcoin below $150,000 is unfounded.Hedging short IBIT positions with long futures positions means that, on average, other parties will end up holding short futures positions, which they must hedge with long spot positions.The sum of all positions in the market (converted to delta values) always equals the total supply of Bitcoin (approximately 20 million). Of course, any party can choose to short on their own, thereby increasing long positions. This is the case in all perpetual contract markets; however, it has nothing to do with IBIT or APs.
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