Bitcoin Volatility Expected to Rise Amid August VIX Seasonal Patterns

Seasonal patterns in the Cboe Volatility Index (VIX) indicate potential increased volatility for Bitcoin (BTC) as Wall Street approaches August. Key points include:

The VIX measures anticipated 30-day swings of the S&P 500.
Historically, August shows an average monthly gain of 13.68%, rising in 10 out of the last 15 years.
The VIX fell for three consecutive months, reaching a five-month low of 14.92 in July.
This decline may precede a surge in August volatility, which could negatively impact stock prices and spill over into the bitcoin market.
BTC has shown a strong positive correlation with the VIX, indicating it may also experience increased volatility.

For further insights on BTC's evolving market dynamics, refer to additional resources.