DFDV COO: Hong Kong non-crypto hedge funds may experience market decline due to IBIT leveraged options trading liquidation

MarsBitNews · 2026-02-06T09:39:27+00:00

Mars Finance reports that Parker revealed IBIT trading volume reached a record high of $10.7 billion, with options gold trading volume reaching $900 million. The recent market decline may be caused by a major player, suspected to be a non-cryptocurrency hedge fund in Hong Kong. These funds may be engaging in leveraged trading through yen borrowing, but Parker emphasized that there is no concrete evidence at this time; it is only speculation.

MarsBitNews

2026-02-06 09:39:27

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Mars Finance reports that Parker posted on the X platform stating that IBIT trading volume reached $10.7 billion, setting a new all-time high, nearly double the previous record. Additionally, IBIT options trading volume is approximately $900 million, also a new all-time high. The recent decline may be due to a large IBIT holder, who is suspected to be one or more non-cryptocurrency hedge funds based in Hong Kong. Since these funds operate outside the crypto space, they have not been detected by the crypto community. It is speculated that these funds may leverage yen-denominated borrowing to conduct leveraged options trading on IBIT. When losses occur in other trades such as silver, the decline in BTC ultimately leads to the liquidation of their leveraged positions. Parker states that there is currently no concrete evidence; his views are merely speculative based on partial clues.

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