Analysis suggests that Bitcoin stabilized at $71,000, and the Skew rebound brought the bulls and bears back into balance, awaiting quarterly settlement.

According to Mars Finance, Greeks.live published an analysis on the X platform pointing out that Bitcoin has rebounded and is currently fluctuating around $71,000, temporarily alleviating the crisis of a further decline. Implied volatility (IV) across all 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 a 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 level. (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.)