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Everyone knows that the fourfold growth hour will start tomorrow, but are the markets ready for this volatility? Lately, I’ve been looking at the VIX index levels, and there’s really an interesting situation. Bitcoin’s potential movement range appears to be quite broad.
It’s difficult to predict how the crypto market will react to such events. Looking at past data, we can see that volatility tends to increase when the VIX index is high. Bitcoin can also behave similarly. Some analyst friends say there is a correlation between the VIX index and Bitcoin movements.
Therefore, many traders are currently checking their positions. Risk management has become very important right now. It seems the markets are preparing for this volatility before the fourfold growth. A wait-and-see approach might be the smartest move.