Bitcoin Surpasses $71,500 as Market Volatility Declines

Bitcoin has climbed back above the $71,500 mark, signaling a resolution to the recent crisis, as reported by [email protected] on X. The implied volatility across major timeframes is rapidly decreasing, returning to levels seen a week ago. The Volatility Risk Premium (VRP), which had just turned positive, has quickly shifted to a negative value. Within a single day, the monthly VRP changed from a positive 2% to a negative 9%. This expanding negative premium trend indicates that the market expects future volatility to be lower than the current levels. Despite the apparent end of the crisis, the extreme weakness observed in the crypto market during the first quarter of this year has not been reversed, and market confidence remains fragile.