Bybit's latest options weekly report indicates significant market activity, with Bitcoin experiencing sharp fluctuations between $74,000 and $78,000 last week, leading to $593 million in short liquidations. Despite ongoing geopolitical tensions, the options implied volatility indicator, DVOL, dropped to a cycle low of 42%. On the macro front, spot Bitcoin ETFs saw approximately $1 billion in net inflows. The report also highlighted a potential development from the Trump administration, which is reportedly planning to unveil a Bitcoin strategic reserve plan within the next two months. This initiative may involve utilizing approximately 200,000 government-seized Bitcoins as reserve assets.

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