The world's understanding of Trump is less than 5%. Yesterday, he was still trying to erase Iran, and today there's a ceasefire agreement. Trump himself didn't open a long position, so it's hard to argue otherwise.


Bitcoin quickly surged to 72K, but the implied volatility (IV) of major expiry options is still declining, and even the IV of near-term options has decreased. The skew has been negatively affected by the upward movement. At the same time, due to the rise in RV, the VRP, which rebounded significantly yesterday, has fallen again.
Looking at the main options indicators, the rebound above 70K still provides a clear boost to the market, mainly because it alleviates concerns about a black swan-triggered crash, rather than expecting continuous price increases.
BTC-6.08%
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