VIX just ripped +35% š
But hold up ā 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.
š Levels to watch:
ā¢ Rejection from 23.39 ā supports the bounce
ā¢ Weekly close ABOVE 23.39 ā next stop is 30, and that's when things get spicy
Covering this live tonight. Don't fade the macro.
But hold up ā 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.
š Levels to watch:
ā¢ Rejection from 23.39 ā supports the bounce
ā¢ Weekly close ABOVE 23.39 ā next stop is 30, and that's when things get spicy
Covering this live tonight. Don't fade the macro.