Odaily Planet Daily News reports that Parker posted on the X platform stating that IBIT's trading volume today reached $10.7 billion, setting a new all-time high, nearly double the previous record. Additionally, the IBIT options gold trading volume today was approximately $900 million, also hitting a new 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 capital 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 stated that there is currently no concrete evidence, and his views are merely speculative based on partial clues.