DeFi Dev Corp's Chief Investment Officer and Chief Operating Officer, Parker White, stated on social media on February 6 that BlackRock's IBIT reached a trading volume of 10.7 billion USD yesterday, with options premium around 900 million USD, both setting historical records. BTC and SOL fell in sync, and combined with relatively low CeFi liquidations, the volatility is suspected to stem from IBIT's large holders, possibly involving non-crypto hedge funds headquartered in Hong Kong, China. Some funds have extremely high positions in IBIT, or tried to turn things around via high-leverage options trading, but escalating losses caused their positions to be wiped out. Relevant holding information is expected to be disclosed in mid-May, but the event's scale is massive. So if that's the case, it aligns exactly with my predictions. $BTC