Woofun AI data shows that Bitcoin has climbed back to $66,000, marking a two-month high and re-entering the dense trading zone observed earlier this year. Despite the price recovery, implied volatility for major tenors remains largely unchanged, with all one-year IVs falling below 40%. Investors appear adapted to this environment of extremely low volatility, which has stayed under 45% for most of the year, except during February's sharp decline when it briefly exceeded 50%. This persistent compression suggests a new steady state for crypto options.