CBOE Volatility Index of the Chicago Board of Options reached its highest point in 2023

It is reported that the CBOE Volatility Index (VIX, commonly known as the fear index of Wall Street) of the Chicago Board of Options Exchange has jumped from 18 to 23 in the past three days, reaching the highest point in 2023. In contrast, the Bitcoin Volatility Index (BVIN), which measures the implied or expected volatility in the next 30 days, has recently stabilized, approaching the lower limit of the three-month range of 60 to 100. The implied volatility usually represents the degree of market uncertainty or anxiety. At the same time, the MOVE index, which measures the volatility of US treasury bond bonds, has jumped to a one month high of 120, ending the four month downward trend. The price of Bitcoin only evolved into a macro asset after a sharp decline in March 2020. After that, BVIN usually closely tracks the trend of VIX. The analysis shows that the conditions for Bitcoin to make a breakthrough in 2023 are mature. （coindesk）

Interpretation of this information:

The CBOE Volatility Index (VIX), also known as the “fear index,” has reached its highest point in 2023, jumping from 18 to 23 in the past three days. This marks a significant increase in market uncertainty or anxiety. In contrast, the Bitcoin Volatility Index (BVIN) has stabilized and is approaching the lower limit of the three-month range of 60 to 100. The BVIN measures the implied or expected volatility in the next 30 days for Bitcoin. This implies that the conditions for Bitcoin to make a breakthrough in 2023 are mature. Additionally, the MOVE index, which measures the volatility of US treasury bonds, has jumped to a one month high of 120, ending a four month downward trend. Overall, the message suggests that while market uncertainty is increasing, Bitcoin is showing signs of stability and may present an opportunity for investment in the future.