According to @GreeksLive, Bitcoin's (BTC) short-term implied volatility has dropped below 50% following the quarterly settlement and weekend consolidation. Similarly, Ethereum's (ETH) short-term implied volatility has fallen below 70%, though longer maturities remain above this level. The volatility risk premium (VRP) declined from nearly 20% last week to 10%, with block trade activity being minimal. The market has adopted a cautious, wait-and-see posture, with significant focus on this Friday’s unemployment rate and nonfarm payroll data.

According to @GreeksLive, Bitcoin has reclaimed the $71,500 level as the recent market crisis subsides. Implied volatility across major maturities has rapidly declined to levels observed a week ago. Additionally, the volatility risk premium (VRP) has shifted from positive to negative, with the monthly VRP dropping sharply from +2% to -9%. This negative premium trend suggests reduced market expectations for future volatility, though market confidence remains fragile due to weak crypto performance earlier this year.