Sustained fear in traditional markets

The VIX index remains at elevated levels, illustrating that the fear in the broad financial markets is high.
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.

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