Greeks.live: The current trading range has not been effectively broken. If it breaks through $75,000 by the end of the week, it may continue to rise.

Adam, a macro researcher at Greeks.live, wrote on the X platform that after the weekly settlement, BTC rose and approached $74,000, reaching the upper limit of the trading range since February. The options market reacted tepidly, with implied volatility for BTC end-of-term options below 50% and for ETH end-of-term options below 70%, both lower than the implied volatility of major maturities. In terms of trading volume, large call options accounted for less than 30% of the trading, concentrated in slightly out-of-the-money options at the end of the month. The options market did not price this rise well; VRP rebounded but did not turn positive, with the market believing that volatility was overestimated. Currently, the trading range has not been effectively broken. If it breaks through $75,000 by the weekend, a follow-up upward trend may occur, but this is unlikely.