VIX just ripped +35% đ
But hold up â this doesn't auto-translate to $BTC dumping (yet).
Historically, $BTC has bounced AROUND sharp VIX spikes. Extreme fear = capitulation = often a local bottom.
The real tell? Whether VIX peaks here or keeps ripping.
đ Levels to watch:
âą Rejection from 23.39 â supports the bounce
âą Weekly close ABOVE 23.39 â next stop is 30, and that's when things get spicy
Covering this live tonight. Don't fade the macro.
But hold up â this doesn't auto-translate to $BTC dumping (yet).
Historically, $BTC has bounced AROUND sharp VIX spikes. Extreme fear = capitulation = often a local bottom.
The real tell? Whether VIX peaks here or keeps ripping.
đ Levels to watch:
âą Rejection from 23.39 â supports the bounce
âą Weekly close ABOVE 23.39 â next stop is 30, and that's when things get spicy
Covering this live tonight. Don't fade the macro.