Sustained fear in traditional markets
The VIX index remains at elevated levels, illustrating that the fear in the broad financial markets is high.
Mar 14th 2022
Source: Tradingview
Throughout 2021, it was clear that bitcoin was treated as a risk asset, mostly seeing substantial sell-offs during spikes in the VIX index.
The VIX index measures the stock market’s expectation of volatility based on S&P 500 index options and is often referred to as the fear index.