According to PANews on April 13, senior analyst James Van Straten wrote that the S&P volatility index has soared to its highest level since August last year, indicating increased market uncertainty. The Bitcoin to VIX ratio has reached the long-term trend line at 1903, with the last time it touched this trend line coinciding with market fluctuations around the unwinding of yen carry trade. At that time, Bitcoin's price had dropped to around $49,000. In fact, this is the fourth time the ratio has touched the trend line and bottomed out. Previously, the ratio had first touched the trend line during the peak of the pandemic in March 2020 and in August 2015, with prices rising after both bottoming out.
