$BTC showing surprising resilience post geopolitical shock, now reflected in easing short-dated implied volatility. Front-end ImpliedVolatility falling back toward mid-50% area, with 1W tenor compressing faster than longer maturities like 1M, confirming immediate event risk is fading. Levels remain elevated versus recent months, showing some uncertainty still priced in. What has changed is the urgency, traders moving away from aggressive short-term hedging as immediate downside fears subside. #crypto