Why The VIX Could Predict A Bitcoin And Crypto Rally
Bitcoin Crypto Pourquoi le VIX pourrait prédire un rallye Bitcoin et Crypto 01/10/2023 Nouvelles Bitcoin Ethereum Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, outlined in a recent CNBC interview why the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – will become an important indicator for equity markets and possibly Bitcoin in the coming months. VIX was created to quantify market expectations of volatilité for the Sanalyste de Fundstrat sattend à un rallye de 20% du Sest-ce que cela importe pour Bitcoin? For bitcoin, the prediction of Thomas Lee is interesting in that the price had a high corrélation avec le S&P 500 (with a higher beta) over the past year, unless there were crypto-intrinsic shocks like the collapse of FTX or Terra Luna. This meant that the bitcoin price behaved very similarly to the S&P 500, but was more volatile in both directions in response to changes in the market. To that extent, the VIX (currently standing at 22) can also be used as a sentiment barometer for bitcoin. If Lees predicted drop in the VIX to 17 actually occurs – either as a result of positive CPI data or a pivot by the U.S. Federal