Odaily Planet Daily reports that Greeks.live macro analyst Adam posted on the X platform stating that although Bitcoin’s price hit a new rebound high today, the implied volatility (IV) of major-term options and expiration options did not increase; instead, it decreased compared to when Bitcoin broke through $70,000. Over the past week, VRP has dropped significantly, with nearly 20% decline across all maturities. This divergence generally indicates that institutions believe the rebound has ended and momentum is waning.
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