A major 7.8-magnitude earthquake struck offshore the Philippines on June 8, triggering extensive aftershock sequences that USGS monitoring shows are already elevating the weekly global tally of 5.5+ events. Historical USGS records indicate an average of roughly 10–15 magnitude 5.5+ earthquakes occur worldwide each week under normal conditions, but large mainshocks like this one routinely produce dozens of qualifying aftershocks within days, explaining the market’s 94.5% implied probability for more than nine total. Continued aftershock decay, any additional M6+ events, or revisions to preliminary magnitudes represent the primary variables that could alter the final count before the June 14 close.