@bangbnag
The October 10, 2025, Bitcoin crash—plunging 14% from $122,574 to $104,783 amid a broader crypto wipeout of billions—severely tested its "digital gold" narrative. While gold surged to records as a true safe-haven, BTC behaved like a risk asset, correlating near zero with gold and amplifying equity sell-offs. Critics like Peter Schiff highlighted this flaw, urging reevaluation of BTC's hedging role.
VIX-like indicators underscore the volatility: BTC's 30-day implied vol remains elevated post-crash, unlike the reversing S&P VIX. This sticky BTC volatility signals persistent uncertainty, potentially capping long-term upside unless correlations stabilize. Yet, accumulation hints at rebound potential, reframing BTC as high-beta growth over pure haven.
0 reply
0 recast
0 reaction