Bitcoin's Fear Gauge BVIV Surges Nearly 20% Amid Market Selloff

Bitcoin's fear gauge, the BVIV index, surged nearly 20% on Tuesday, marking its largest single-day spike since February 5, according to CoinDesk. This increase signals a return of fear among traders after two months of calm market sentiment. The BVIV, which measures 30-day implied volatility, rose to 46.45% as Bitcoin's spot price fell over 6% to $66,000. This surge indicates traders are buying options to protect against further downside, reflecting a shift in market dynamics similar to Wall Street's VIX behavior.