🚨 $BTC Fear Index (BVIV) Just Spiked Hard!
The Bitcoin Volatility Index (BVIV) recorded its sharpest daily rise since February today (June 3).
In just one day, BVIV jumped nearly 20% to 46.45%, a clear sign that fear is creeping back into the market.
After two months of unusually calm conditions (BVIV hovering around 40% even as $BTC dropped from $82K to $75K), yesterday’s sharp sell-off took Bitcoin below $66,000 (-6%+). This sudden move triggered strong hedging demand, pushing volatility expectations higher.
Just like the VIX in traditional markets, BVIV is acting as Bitcoin’s “Fear Gauge”.
Now the big question🤔
Is this just a short-term panic reaction, or are we entering a new volatile phase?
Options market activity and BTC’s next moves in the coming days will tell us a lot.
#BitcoinFearGaugeSurgesNearly20%
