Macro· ★★★· neutral·

Block Scholes: Stock investors are more nervous than crypto traders

  • —Nasdaq-100 posted its worst week since April 2025; US chipmakers fell roughly 20% in two weeks
  • —VIX reached its highest level since the Fed's July meeting
  • —Bitcoin 7-day implied volatility rose from just under 30% to about 33%; ether's jumped nearly 10 points
  • —ETH 7-day put-call skew hit an 8-point premium for puts over the weekend
Why it matters: Further equity panic could erode bitcoin's relative resilience, with Fed meetings, US midterms and geopolitical tensions on the calendar.
Source: Finbold