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Implied volatility has reset lower after last week’s elevated levels, #BTC price struggled to break the $92K resistance.
IV declines across the curve:
• Short-dated: 57% → 48%
• Mid-tenor: 52% → 45%
• Longer-dated: 49% → 47%
This points to cooling market expectations and reduced near-term risk pricing as traders wait for a clearer directional move.