🔥Analyst: Market concerns about a black swan triggering a sharp decline have been alleviated, and a sustained price increase is not currently expected.

Analyst Adam stated that after the U.S. and Iran eased tensions again, Bitcoin quickly surged to $72k, but the implied volatility (IV) of major expiry options remains declining, with even the IV of near-term options decreasing. Skew has also decreased due to the reduced upward incentive. At the same time, the rise in RV has caused the VRP, which rebounded significantly yesterday, to fall again.
From the main options indicators, the breakthrough of $70k during the rebound has had a more obvious encouraging effect on the market, mainly because it has alleviated concerns about a black swan causing a crash, rather than an expectation of continuous price increases.
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