The VIX is a hot topic across finance at the moment, falling to one of its lowest levels in years. In an unusual look at Bitcoin and its ratio against the VIX, the chart could be hinting at the crypto market being on the cusp of an explosive rally… or massive rejection.
Crypto Market Under Pressure SEC And Ready To Explode
Bitcoin price is falling, and crypto is crumbling under the might of the US SEC. The SEC launched a string of enforcement actions against Binance and Coinbase, and labeled several top altcoins to be securities. The resulting sell pressure and panic has BTC struggling to maintain support.
However, if you switch from your run-of-the-mill BTCUSD chart to BTCUSD versus the VIX, the ratio between the two vastly different measures tells a completely different story than the USD chart.
The chart below highlights that the BTCUSD/VIX ratio shows a strengthening relationship on the BTCUSD side. This makes sense with the Volatility Index falling. In the past, a falling VIX an
We współpracy z: https://bitcoinist.com/vix-versus-bitcoin-chart-hints-at-explosive-rally/
