Greeks.live: Bitcoin breaks through $70,000 without showing sustained bullish expectations

On April 8, Greeks.live stated that Bitcoin quickly surged to $72,000, but the main term options implied volatility (IV) continued to decline, and expiry IV also dropped, with the skew's negative bias easing due to the price increase. Meanwhile, as the realized volatility (RV) rose, the volatility risk premium (VRP), which rebounded yesterday, fell back again. Option indicators show that this rebound mainly alleviated concerns about a sharp drop caused by black swan events, rather than expectations of a sustained price increase.