Greeks.live: The market's bearish strength is increasing, but overall, both bulls and bears maintain relative balance

Adam, a macro analyst at Greeks.live, posted on platform X saying: "Bitcoin has fallen below the $40,000 mark, with short-term IV rebounding slightly and medium-term IV still remaining low. The overall volatility risk premium VRP has risen somewhat, and the Skew curve leans towards put options. These data reflect a certain amount of short-term panic in the market. Bearish forces are strengthening but overall both bulls and bears remain relatively balanced; it's still a fiercely contested situation."