It is a risk environment, with actions that lead the main higher cryptocurrencies, but the Wall Street fear indicator, the Vix, is stirring some nerves.
On Monday, the Wall Street reference index, the S&P 500, established a record record for the fourth consecutive negotiation day, reaching 6,519 points. The Nasdaq Technological Index also reached the maximums for life, and the Dow Jones was negotiated near the peak registered on Thursday.
The shares increased, without taking into account the manufacturing survey of the bassist September, since the yields of the bonds fell in advance of a Fed rate cut of the Fed of 25 base points on Wednesday. According to the futures of the Fed funds, the operators expect rates to fall to 3% from the present 4.25% in the next 12 months.
Even so, Bitcoin He lacked a clear direction, since he quoted back and forth between $ 114,000 and $ 117,000, forming an undecided doji candle. At the time of writing, he changed hands to $ 115,860, continuing a mediocre negotiation pattern below the maximum records of more than $ 124,000 in August.
Dour’s price action is probably due to the fact that long -term holders continue to take profits and counteract the bullish pressure of ETF spot tickets.
Other important tokens such as ether (Eth)XRP and Dogecoin I have also lost upward impulse.
Ethereum’s Token Ether has retired from almost $ 4,800 to $ 4,500 in three days, after having put maximums for life above $ 5,000 last month. The weakness is disconcerting, such as the ether, popularly known as the Internet bonus due to its rethinking performance mechanism, it will become an attractive investment with the imminent fed fees cuts.
The XRP centered on payments has been withdrawn to $ 3.00, marking weak monitoring of the bullish outbreak of the descending triangle confirmed last week. Meanwhile, Dogecoin, the main meme token by market value, has fallen abruptly at 26.7 cents of 30.7 cents amid reports of whales.
Analysts said a 25 -base speed cut could resume the highest slow routine in BTC. Meanwhile, a 50 BPS surprise movement could see shares, crypto and gold go crazy.
Be attentive to the Vix and BTC Vol indices
The increase on Monday in US actions was characterized by an increase in the VIX index, which represents implicit or expected volatility based on options in the S&P 500 in the next 30 days.
The VX increased more than 6% to 15.68 points. Although it still looms largely in the minimum of several months, on Tuesday Spike deserves attention for two reasons: first, historically, the two have moved in opposite directions, as is evident by the correlation of almost -90 for a period of 90 days.
Secondly, a breakdown in the negative correlation often precedes corrections, as indicated by the market intelligence platform driven by as many ment in X.
“SPX got up with the VX today. This often points out the upward positioning, merchants grabbing calls or down cover [with puts]Leaving vulnerable markets, “said Menthor Q.
The VIX is influenced by the demand for options, and the increase on Tuesday in the index could have been led by merchants looking S&P 500 puts or downward protection.
Perhaps, market participants anticipate a correction after the expected cutting cuts of the Fed of 25 base points on Wednesday.
BTC increases implicit volatility
The implicit volatility index of Bitcoin de Volmex, which represents the expected price turbulence for 30 days, also increased 3% on Monday, maintaining its positive correlation with VIX.
Keep in mind that BTC’s positive positive correlation with implicit volatility rates has become negative since the ETF Spot launched in January last year and more since the electoral victory of President Trump in November last year.
