Greeks.live, in an analysis published on the X platform, pointed out that Bitcoin has rebounded and is currently fluctuating around $71,000, temporarily alleviating the crisis of a further decline. Implied volatility (IV) across various major timeframes has shown a significant drop. Short-to-medium term IV has decreased by over 5% from its peak and by over 3% compared to two days ago. Ethereum's short-to-medium term IV has decreased by over 8% from its peak and by over 5% compared to two days ago. Skew has rebounded across the board, with many put options established during the crisis being closed out, restoring balance between bullish and bearish forces. This Friday is the quarterly settlement, with over 40% of options expiring. The $75,000 level remains a strong resistance point. (Note: Skew typically refers to the difference in implied volatility between options with different strike prices. An upward trend in this indicator usually indicates a recovery in market risk appetite and increased bullish sentiment.)