Implied Volatility Falls Even as Bitcoin Breaks Above $78,000

[cryptobro]

Despite Bitcoin pushing strongly above $78,000 this week, implied volatility across major maturities continued to decline, with most BTC terms dropping 1–2% to below 40%. Ethereum's implied volatility fell even more sharply, sitting around 60%. Analysts at Greeks.live noted that skew metrics also pulled back alongside the price rally, which is an unusual combination.

According to Greeks.live, this divergence between rising prices and falling volatility points to steady capital inflows rather than speculative or FOMO-driven momentum. The retreating skew suggests the market is not being driven by panic buying, but rather by measured and consistent institutional positioning supporting prices from below.

Bitcoin's second-quarter performance has already outpaced Q1 in both price and overall market sentiment, adding further weight to the case for a more sustained recovery.

[mendez]

max pain at $72K. bitcoin said no thank you and went to $77,900. the market really said not today market makers