IV has dropped to 36%, almost no fluctuations left, but the short positions in the 78-83k range are piled up like a mountain. If it really breaks through 82k, the bears will have to perform a collective flying trapeze act.

BlockBeats states that the implied volatility of BTC has dropped to 36%, approaching an 8-month low, with the market expecting short-term volatility. The bears are overly concentrated; if there is a volume breakout above $82k, it could trigger a large-scale short squeeze. There is a dense cluster of short positions in the $78,000–$83,000 range. BTC has not returned to $90,000 in nearly 4 months. The Delta Skew is at 14%, and put options still carry a significant premium, causing professional traders to worry about downside risk. If it breaks above 82k, it may trigger leveraged short liquidations.