BTCUSDT 💀the scammer address behind ZkCasino had its 20x leveraged long ETH position on Hyperliquid fully liquidated, resulting in a total loss of $27.1 million. The scammer had previously stolen over $40 million. ZkCasino claimed to be a gambling platform and blockchain casino, misleading investors into believing they could recoup their investments within 30 days.
BTCUSDT Puts are trading at a premium to calls, signaling a spike in demand for downside protection. This skew is most pronounced in short-term maturities - a level of fear not seen since BTC was in the $20Ks in mid-’23.
Despite this, BTC hasn't broken down like equities did on recent tariff headlines. That disconnect - rising panic without a price collapse - makes the current options market setup especially notable.
Skew like this usually appears when positioning is one-sided and fear runs high. TLDR: panic is elevated, but price is holding. That’s often what a bottom looks like
TRUMPUSDT World Liberty Financial disclosed in January that its two co-founders, crypto entrepreneurs Zak Folkman and Chase Herro, were replaced as controlling parties by WLF Holdco LLC, an entity 60% owned by the Trump family.