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Wall Street’s VIX Index Indicates Potential Bitcoin Market Bottom
Bitcoin's volatility has increased amid a broader sell-off in equities, initiated on April 3 due to tariff uncertainties. Key developments include:
- Gold has reached all-time highs.
- The DXY Index has fallen below 100 for the first time since July 2023.
- The S&P Volatility Index (VIX) has surged to its highest level since August 2023.
The bitcoin-to-VIX ratio is currently at 1,903, aligning with a long-term trendline associated with previous market volatility and potential price bottoms:
- March 2020 during the COVID-19 crisis.
- August 2015.
If this support continues, it may indicate that bitcoin has found a long-term bottom.