How does $vix affect the trading volume of digital currencies?

1 answers

• Koichi NakayamadaJun 12, 2023 · 2 years ago
  At BYDFi, we have observed that the $vix index can have a significant impact on the trading volume of digital currencies. When the $vix index is high, we often see a surge in trading volume as investors become more active in the market. This is because the $vix index is considered a measure of market volatility and can signal potential price movements. As a result, traders may be more inclined to buy and sell digital currencies to take advantage of these opportunities. Conversely, when the $vix index is low, we typically see a decrease in trading volume as investors may be less motivated to make frequent trades. Overall, the $vix index can play a role in shaping the trading volume of digital currencies by influencing investor sentiment and market conditions.
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