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Fear and Stability: Comparing the VIX and BVIN

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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 1…

Fear and Stability: Comparing the VIX and BVIN

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）

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

Interpretation of the news:


The message reports on the volatility of two significant indexes in the financial world: the Chicago Board of Options Exchange’s CBOE Volatility Index (VIX) and the Bitcoin Volatility Index (BVIN). The VIX, also known as the “fear index of Wall Street,” has reached its highest point in 2023, going from 18 to 23 in just three days. On the other hand, the BVIN, which measures implied or expected volatility in the next 30 days, has stabilized recently and is approaching the lower end of its three-month range, which is 60 to 100. Implied volatility typically indicates market uncertainty or anxiety.

Moreover, the message points out that the MOVE index, which measures the volatility of US treasury bond bonds, has increased to a one-month high of 120, ceasing its four-month downward trend. However, despite this rising volatility, the BVIN has remained stable, suggesting that Bitcoin prices may be heading into more predictable territory.

It’s worth noting that the price of Bitcoin evolved into a macro asset only after a sharp drop in March 2020. Since then, the BVIN has closely followed the trend of the VIX. The analysis shows positive conditions for Bitcoin in 2023, indicating that it could potentially make a breakthrough.

Overall, this message highlights the relationship between volatility and market uncertainty. The fear index of Wall Street has shown an increase in volatility, while the Bitcoin Volatility Index has stabilized. This suggests that investors see Bitcoin as a safer investment option amid an unstable financial climate.

Keywords such as volatility, Bitcoin, and market uncertainty reveal the primary themes of this message. It is essential to keep track of these indexes as they reflect the pulse of the financial market, indicating stability or instability.

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