According to James Van Straten, a senior analyst at CoinDesk, the S & P Volatility Index surged this morning to its highest level since August last year, indicating increased market uncertainty.
James also said that the bitcoin-to-VIX ratio has hit a long-term trend line, which historically has previously marked a bottom for bitcoin during major market events, followed by a price rally.
Analyst: Bitcoin-to-VIX ratio has touched a long-term trend line, or marked a Bitcoin bottom
2025-04-13 03:28:51
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