According to CoinDesk, Bitcoin (BTC) dropped 2.9% as Israeli airstrikes on Iran sparked a broad market sell-off, with the CoinDesk 20 Index falling 6.1% amid heightened geopolitical risks. Despite spot BTC ETFs seeing $86.3 million in net inflows and ETH ETFs $112.3 million, derivatives data from Velo showed open interest plunging to $49.31 billion, while Deribit reported increased put/call ratios indicating rising demand for downside protection.

According to IntoTheBlock, they have released a video tutorial to help traders analyze derivatives data. This resource can be valuable for those looking to understand market trends and make informed trading decisions.