PANews reported on April 10 that BitMEX co-founder Arthur Hayes wrote that the MOVE index recently broke through 140 (reaching a high of 139.88 on April 9) before quickly falling back to 128.83, a single-day decline of 7.9%. He pointed out that whenever the MOVE index exceeds 140, it usually triggers an immediate policy stimulus response. He suggested that in the next similar situation, Bitcoin might not fall in sync with the stock market, but instead "take off" first.
The MOVE index measures the volatility of the U.S. Treasury market and is an important indicator of market policy expectations.
