Updated: Jul 24
The correct way to store your basket when it's not in use is by inverting the basket as shown above.
Later, when you need to use it, you'll find that the basket is a bit stiff and has taken it's folded shape which can be a bit hard to undo. The best way to revive the basket is to dip it in water (preferably cold water) to loosen the yarn and undo the fold. This way, the basket freely loosens and allows you to mold it into the shape you would like it to have.
After putting it in water and doing the fold, you simply tap the basket on a flat surface to get rd of any excess water. If the weather permits, you can now leave the basket out to dry so you can put it into good use!