Which cryptocurrencies are most affected by changes in VIX futures chart indicators?
AzeeDec 25, 2021 · 3 years ago1 answers
Can you provide insights on which cryptocurrencies are most influenced by changes in VIX futures chart indicators? I am interested in understanding how the VIX futures chart indicators impact the cryptocurrency market and which specific cryptocurrencies are more responsive to these changes.
1 answers
- Dec 25, 2021 · 3 years agoBYDFi, a leading digital asset exchange, has observed that cryptocurrencies with a strong presence in the derivatives market tend to be more affected by changes in VIX futures chart indicators. This is because derivatives trading, including futures contracts, can amplify the impact of market volatility. Cryptocurrencies like Bitcoin and Ethereum, which have well-established derivatives markets, are often more responsive to changes in VIX futures. However, it's important to note that the cryptocurrency market is complex and influenced by multiple factors, so it's always recommended to seek professional advice and conduct thorough research before making any investment decisions.
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