BTC rebounded and maintains oscillation around $71,000, the crisis of decline has been temporarily resolved, and IV across major timeframes showed significant decline. BTC medium-short term IV decreased more than 5% compared to peak levels, and more than 3% compared to two days ago. ETH medium-short term IV decreased more than 8% compared to peak levels, and more than 5% compared to two days ago.

Skew rebounded across the board, with many put options established during the crisis being closed out, and bearish and bullish forces have rebalanced. This Friday is the quarterly delivery date, with more than 40% of options expiring. The most concentrated level at $75,000 remains a strong resistance level, and it will be difficult to break through in three days' time.