Open interest in options linked to BlackRock's IBIT nears $38 billion, now surpassing Deribit

- Bitcoin fluctuates near $100K as price drops 2.7% in 24 hours, with 14% decline from its $126K all-time high. - Derivatives data shows 62.6% higher trading volume but falling open interest, signaling short-term uncertainty and position closures. - Binance's CVD indicator drops to 0.777 from 0.91, suggesting waning demand from large traders despite stable BTC prices. - Technical indicators highlight $106K support and $111K resistance, with risks of stagnation if CVD falls below 0.70. - Institutional deman

- U.S. Supreme Court will decide if Trump's 50% "Liberation Day" tariffs violate constitutional limits on executive power. - Legal challenge argues IEEPA doesn't authorize unbounded tariffs, with lower courts ruling against the 2019-2021 measures. - Economists estimate tariffs cost households $1,800/year while generating $223B revenue for Treasury. - Ruling could redefine presidential trade authority, either limiting future unilateral actions or expanding executive power precedents.