Analysis: Bitcoin stabilizes at $71,000, Skew rebounds with long-short returning to balance awaiting quarterly settlement

DeepFlowTech · 2026-03-24T14:04:24+00:00

Greeks.live analysis indicates that Bitcoin is oscillating around $71,000, with the downtrend crisis temporarily relieved. Implied volatility across major tenors has declined significantly. Bear call options are being closed out, and the balance between short and long forces is being restored. With quarterly expiration approaching, $75,000 represents a strong resistance level.

DeepFlowTech

2026-03-24 14:04:24

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Deep Tide TechFlow News, March 24: Greeks.live posted an analysis on X platform indicating that Bitcoin has rebounded and is currently holding around $71,000 with sideways movement. The crisis of decline has temporarily eased. Implied Volatility (IV) across major maturities has shown a significant decline, with short- and medium-term IV dropping over 5% from its peak and over 3% compared to two days ago. Ethereum’s short- and medium-term IV has fallen over 8% from its peak and over 5% compared to two days ago. Skew has fully rebounded, and many put options built during the crisis have been closed, restoring balance between bearish and bullish forces. This Friday marks the quarterly expiration, with over 40% of options expiring. The most concentrated strike price remains at $75,000, which is still a strong resistance level. (Note: Skew usually refers to the difference in implied volatility between options at different strike prices. An upward movement in this indicator generally indicates a warming of market risk appetite and increased bullish sentiment.)

BTC-1.37%

ETH-0.87%

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