Get ready for more volatility!Bitcoin / TetherUSBINANCE:BTCUSDTPatriciaByron Crypto markets are bracing for greater volatility as Bitcoin sees its first significant correction after reaching a new all-time high, while options markets show signs of overheating. Bitcoin (BTC) is down nearly 8% from its record peak of $111,880, following an uninterrupted 50% rally over the past 45 days. This is Bitcoin’s first significant pullback since its April low of $74,501. Bitcoin derivatives markets are showing potential volatility. Options open interest recently surged to a record high of $49.4 billion, reflecting increased institutional hedging and speculative activity. While the figure fell to $39 billion due to the expiration of options in May, analysts see the peak as a sign that traders are positioning for greater price volatility. Perpetual futures open interest is also approaching all-time highs, fueling subsequent leveraged liquidations. These euphoria zones are usually accompanied by increased volatility and, crucially, tend to be short-lived. Statistics show that only about 16% of trading days in Bitcoin’s history have seen relative unrealized profits reach such extreme levels. The correction also coincides with renewed macroeconomic pressures. The unexpected resumption of U.S. tariffs sparked widespread risk aversion, pushing 30-year Treasury yields above 5% for the first time since 2009. This liquidity-tightening environment has weighed on both traditional and digital asset markets. Amid this market shift, some major developments have occurred: Gamestop invested $513 million in Bitcoin, the U.S. Department of Labor rescinded its 2022 guidance against including cryptocurrencies in 401(k) plans, and the Russian Central Bank authorized crypto-related instruments for qualified investors, showing further institutional consolidation. Despite the pullback, I believe Bitcoin remains structurally strong and is now a "healthy reset" rather than a breakdown after a historic rally. However, the convergence of technical indicators, profit-taking, and macro headwinds suggests that short-term volatility is likely! Be careful, everyone!