CoinWorld News, Monad co-founder Keone Hon posted on the X platform stating that the conspiracy theory that Jane Street suppresses Bitcoin below $150,000 is unfounded. Using long futures to hedge short IBIT positions means that, on average, the other party will ultimately hold short futures positions, which they must hedge with long spot positions. The total of all positions in the market (converted to delta values) always equals the total supply of Bitcoin (about 20 million coins). Of course, any party can decide to go short alone, thereby increasing their long positions. This is the case in all perpetual contract markets, but it has nothing to do with IBIT or APs.