BTC hits $70,992 low on Deribit with $70,000 now the dominant GEX cluster as ATM IV holds at 30% and skew signals defensive put buying.

According to @glassnode, post-FOMC at-the-money implied volatility has already compressed across 1-week through 6-month maturities, meaning options are pricing smaller expected moves and tighter ranges (source: @glassnode). Per @glassnode, with the policy catalyst now behind, the market is de-pricing uncertainty across the term structure, signaling reduced event risk being priced (source: @glassnode).