Analyst: Bitcoin returns above $71,500, but the extreme weakness in the crypto market has not yet reversed

According to ChainCatcher, Greeks.live analyst Adam posted on X that Bitcoin has returned above $71,500, and the implied volatility across major terms is rapidly declining, now falling back to the level of a week ago.

The VRP, which had just reversed to positive, quickly turned negative. Within a day, the monthly VRP shifted from +2% to -9%. The continuously expanding negative premium trend also indicates that the market's expectation for future volatility is lower than the current level. However, the extremely weak performance of the crypto market in the first quarter of this year has not yet been reversed, and market confidence remains very weak.