Parker White, Chief Investment Officer and Chief Operating Officer of DeFi Dev Corp, stated on social media on February 6th that BlackRock's IBIT trading volume reached $10.7 billion yesterday, with options premiums of approximately $900 million, both record highs. The simultaneous decline in BTC and SOL, combined with low CeFi liquidations, raises suspicions that the volatility originated from large IBIT holders, potentially involving non-crypto hedge funds headquartered in Hong Kong. Some funds held extremely high positions in IBIT, possibly attempting to recover losses through highly leveraged options trading, but their losses amplified, leading to the collapse of their positions. Relevant holding information is expected to be disclosed in mid-May, but the event is of enormous scale. If this is the case, then it matches my prediction.