Rare market volatility signal points to higher Bitcoin price in 6 to 12 months — Dan Tapiero
The post Rare market volatility signal points to higher Bitcoin price in 6 to 12 months — Dan Tapiero appeared on BitcoinEthereumNews.com.
On April 7, the CBOE Volatility Index (VIX) posted a rare spike to 60, a level seen as a barometer of extreme market fear and uncertainty. According to Dan Tapiero, CEO of 10Tfund, the VIX has hit 60 only five times in the last 35 years, and data suggests a rebound for risk assets such as Bitcoin (BTC) in 6 to 12 months. CBOE Volatility Index. Source: Cointelegraph/TradingView The VIX, which is widely considered a “fear gauge,” reflects investor expectations of market turbulence based on S&P 500 options trading. As illustrated in the chart, extreme spikes were seen in 2008 and 2020, typically coinciding with market bottoms, where panic-driven sellers paved the way for generational market entries. In light of that, Tapiero argued that the current spike is no different, with the worst of market fears likely “priced in,” setting the stage for a positive future. Tapiero said that “odds favor better future.” Likewise, Julien Bittel, head of macro research at Global Macro Investor (GMI), supported Tapiero’s claim and said that tech stocks are at their most oversold since the COVID-19 crash, with over 55% of Nasdaq 100 stocks posting a 14-day RSI below 30. Such a market signal has occurred only during major crises like the 2008 Lehman Brothers collapse and the 2020 COVID-19 pandemic. American Association of Individual Investors survey. Source: X.com Bittel explained that after the VIX touched 60 last week, it implied peak uncertainty, which breeds fear in investors’ minds. Briefly touching on the US Investors Intelligence Survey, Bittel compared the current bullish sentiment of 23.6% to the lowest reading since December 2008. Additionally, the American Association of Individual Investors (AAII) survey respondents are currently 62% bearish, reflecting the highest bearish reading since March 2009. Bittel said, “In other words, we’re back at the same levels…
Filed under: News - @ April 19, 2025 3:21 am