Macro· ★★★· neutral·

Bond volatility index MOVE rises, but bitcoin and stocks aren't reacting yet

  • —MOVE jumped 46% in June and sits near 116, the highest since April 2025
  • —Corporate bond volatility rose from 6th and 11th percentile lows to 79th and 84th
  • —Bitcoin's 30-day implied volatility BVIV and the VIX hover near year-to-date lows
  • —MOVE led the VIX in 2022, 2023 and at the start of the Iran war
Why it matters: Rising Treasury volatility could tighten global financial conditions and hit bitcoin and stocks with a delay.
Source: Cryptonews.net