Bond Traders Bet on Volatility Spike as Bitcoin and Wall Street Stay Calm
- —MOVE rose from ~80 to 104 in two days, a high since March
- —Bitcoin's BVIV holds near 37 versus a yearly low of 35
- —VIX around 14, close to its yearly low
- —MOVE-VIX correlation turned negative (−0.06) for the first time since April 2024
Why it matters: Rising Treasury volatility typically tightens financial conditions; the current gap with crypto and equities suggests risk assets remain resilient for now.
Source: CoinSpot