Analyst: Market concerns about a black swan triggering a sharp decline have been alleviated, and a sustained price increase is not currently expected.

BlockBeatNews
BTC4,57%

BlockBeats message, April 8, Greeks.live analyst Adam said that after U.S.-Iran tensions eased again, Bitcoin quickly surged to $72k, but the IV on the main tenor options is still falling; even the end-date options IV is also declining, and the Skew—driven by the upward rally—reduced its negative skew. At the same time, due to the rise in RV, yesterday’s sharply rebound VRP fell again.

From the key options indicators, breaking above $70k has a relatively clear encouraging effect on the market: it mainly alleviates concerns about a flash crash triggered by a black swan, rather than reflecting expectations that prices will continue to rise.

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