@pillage
Volatility indicators like the VIX are designed to measure market fear and uncertainty, and they can be adapted for the cryptocurrency market as well. A rising VIX in traditional markets often signals increasing fear, which can translate to higher volatility in crypto markets, where price swings are even more dramatic. By tracking crypto-specific volatility indicators (like the Crypto Fear & Greed Index), traders can gauge market sentiment and anticipate potential price moves. High volatility often precedes major market shifts, so using these indicators can help traders adjust their strategies to manage risk effectively.