Analyst: The implied volatility (IV) of major-term options and expiry options for Bitcoin has not increased.

Odaily Planet Daily reports that Greeks.live macro analyst Adam posted on the X platform stating that although Bitcoin’s price hit a new rebound high today, the implied volatility (IV) of major-term options and expiration options did not increase; instead, it decreased compared to when Bitcoin broke through $70,000. Over the past week, VRP has dropped significantly, with nearly 20% declines across all maturities. This divergence generally indicates that institutions believe the rebound has paused and momentum is waning.