Macro· ★★★· bearish·

MOVE index jumps to 104: bond market volatility flags risk for bitcoin

  • —MOVE index rose from 80 on Tuesday to 104 on Thursday, highest since March
  • —Bitcoin's BVIV is around 37, near its yearly low of 35
  • —CBOE VIX holds near 14, close to yearly lows
  • —Rising oil prices amid Middle East conflict complicate the inflation outlook
Why it matters: Rising Treasury volatility typically tightens financial conditions and can trigger selling in risk assets, including bitcoin.
Source: Bloomingbit