#ATM IV sits around 47% across maturities — elevated vs last month but not extreme 📉💪. Near $62K, 1W vol spiked from 47% to 62% as traders rushed to hedge, compressing back to 47% once price reclaimed $65K 🔴.

Rapid expansion and compression highlights highly reactive #OptionsMarket — fear spikes not yet translating into sustained #VolatilityExpansion ⚡️🎯👀