Analysis: Bitcoin stabilizes at $71,000, Skew rebounds as longs and shorts return to equilibrium ahead of quarterly settlement

According to ChainCatcher, Greeks.live posted an analysis on X stating that currently, after Bitcoin's rebound, it is oscillating around $71,000, with the risk of a downturn temporarily alleviated. The Implied Volatility (IV) of all major periods has dropped significantly, with short- and medium-term IV down more than 5% from the peak and more than 3% compared to two days ago. For Ethereum, short- and medium-term IV has decreased by more than 8% from the peak and more than 5% compared to two days ago.

Skew has fully rebounded, and many put options opened during the crisis have been closed, restoring the balance between bearish and bullish forces. This Friday is the quarterly settlement, with over 40% of options expiring. The $75,000 level remains the strongest resistance at present.