VIX drops 45% in three weeks: Is Bitcoin price ready to retake $80K?
A falling VIX signals improving risk appetite, boosting Bitcoin’s chances of attracting fresh demand and breaking above the $80,000 level.
The CBOE Volatility Index (VIX), a preferred Wall Street metric to measure investor sentiment and market risk, dropped by over 45% in under a month. For Bitcoin (BTC), this could be a significant bullish signal.
Key takeaways:
Bitcoin may rise toward $82,700 if VIX keeps underperforming.