🔥 LATEST: Jeff Park from Bitwise says open interest in IBIT options has surpassed offshore derivatives for the first time—marking a pivotal shift. He now anticipates a volatility-fueled Bitcoin rally, driven primarily by IBIT options activity.

#Bitcoin #IBIT #CryptoMarkets

Yoni Crypto

Bitcoin just hit its 2026 low. In the past hour alone, $78.95M in long positions were wiped out — pushing total liquidations to $1.48B in 24 hours. Here’s why the momentum has shifted so sharply:

• U.S. Bitcoin ETFs hemorrhaged $469M in a single day — marking a seventh consecutive week of outflows
• Hot inflation data this week shattered near-term rate cut expectations
• Whales dumped significant holdings; even Strategy reduced BTC exposure to fund dividend payouts
• Leveraged positions are collapsing as key support levels fail
• A surging U.S. dollar, hawkish Bank of Japan, and capital shifting into AI-driven equities add to the pressure

$59K held firm as support earlier this year. Can it hold again?

#Bitcoin #CryptoMarkets #MarketUpdate

Yoni Crypto