Crypto界 News reports that, according to a tweet from Glassnode: Bitcoin remains in the upper range after the ceasefire news, but the market has not fully recovered. Options data shows implied volatility declining across the board, with market defensive bias persisting, and the DVOL index has fallen about 12 points from its mid-March level. The volatility spread has narrowed to near zero, and option pricing is becoming more reasonable. Although capital flows are becoming more balanced, put bias and defensive positions remain evident.