Bitcoin’s first major pullback since its ATH signals rising volatility, per @bitfinex. Options markets hit record highs, and profit-taking surges as unrealized gains hit extreme levels. 📉🔥

- BTC drops 8% from $111,880 peak as derivatives signal overheating.

- Relative Unrealized Profit indicator hits +2σ, a rare "euphoric zone."

- Macro pressures (tariffs, yields) add to crypto market turbulence.