Greeks.live: Bitcoin rebounds above $70k, boosting market sentiment, but options indicators do not show sustained bullish expectations.

BlockBeatNews
BTC3,86%

BlockBeats message, April 8, Greeks.live posted on social media saying, “Yesterday, Trump said he would erase Iran, and today he released a ceasefire agreement. Bitcoin quickly surged to $72k, but the main-term options IV is still falling— even the end-of-term options IV is declining. At the same time, the Skew has decreased in terms of the downside tilt despite the upside momentum. Additionally, due to the rise in RV, the VRP that clearly rebounded yesterday has fallen again.

From the main options indicators, the rebound breaking through $70k is still clearly encouraging for the market. The main reason is that it alleviates concerns about a black-swan event triggering a selloff, rather than expectations of a sustained rise in price.”

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