GEX broke but IV didn't move, big players aren't panicking, I'm waiting for the position restructuring after tomorrow's settlement.

ME News 5/29 reports that BTC has fallen below the GEX concentration zone, reducing resistance above; ETH also broke below the approximately $2,000 GEX zone, weakening short-term support. Despite being in a sensitive area, implied volatility has not risen significantly, with IV across all maturities remaining below 40%, and the far end continuing to decline, while near-term IV has not increased due to consecutive drops. The implied probability of options expiring in May is about 20%, and tomorrow's monthly settlement may reshape the position structure. Overall, the market remains focused on the effectiveness of key support levels, and large holders' hedging demand for further breakdowns has not noticeably increased.