Wall Street freaked out Friday, but VIX and bitcoin trades say the fear may fade Monday.
BTC when published $81,072Now $80,599 ▼ −0.58% since it was published
Wall Street's fear gauge, the VIX index, ripped higher on Friday as stocks tanked on AI and geopolitical worries. Bitcoin BTC $82,001.05 traded choppy. However, if VIX history and bitcoin’s steady weekend price action are any guide, the panic could subside just as quickly on Monday. First, a quick primer. Cboe’s VIX measures how much traders expect the S&P 500, the blue-chip stock index, to swing over the next four weeks. It's derived from options prices. When people get nervous, they buy options, which are contracts used to hedge against price swings. That pushes the VIX up. Bitcoin BTC $82,001.05, meanwhile, is the only macro asset thats trades over the weekend.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
