Bitcoin vs VIX | a perfect negative correlation?!
Bright Blue Line on the left represents the introduction of BTC futures.
I found this chart comparison very interesting today and I don't believe in random probabilities when it comes to long-term charts like this, it seems that the VIX future do indeed correlate negatively to Bitcoin,
Which would be another sign if markets are risk on, Bitcoin shines, and if Stock - Markets are bearish, Bitcoin suffers
If we all remember in January, Bitcoin descent also preceded the stock-market micro collapse.
This then should cause to think about that Bitcoin does not behave as we believe or may have hoped it would, like gold,
which normally is safe haven during crashes and suffers during market bull runs.
Hence is the current Bitcoin bull wave a first mover sign for a steep stock market bull run, which has been stagnating the past 3 months, looking at this chart, I believe so.
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