Bybit releases its latest options weekly report (June 2-8): The head and shoulders top target was over-fulfilled, and BTC experienced its largest weekly drop since the FTX crash.

CoinFeed reported on June 10th that Bybit's latest options weekly report stated that all four weeks of directional predictions were realized this week: BTC hit a low of $59,130, surpassing the previous target of $65k-$67k. Last week opened at $73,760 and hit a low of $59,130, marking the largest weekly drop (approximately -20%) since the FTX crash, before rebounding to $63,000. Recent factors include three negative factors: better-than-expected non-farm payrolls data reigniting interest rate hike expectations, the SpaceX IPO draining liquidity, and Strategy& selling BTC for the first time in four years. ETFs saw a record net outflow of $1.7 billion in a single week. ETH's daily RSI fell to a historical low of 12.78, while BTC's RSI simultaneously fell to 15.45, increasing the probability of a technical rebound, but a trend reversal remains to be confirmed.