Bond Market Volatility Spikes as Bitcoin Remains Calm

The MOVE index, which measures expected volatility in US Treasuries, rose to 104.58, marking a 33% increase over two days and reaching its highest level since March. Despite this surge in bond market volatility and rising yields, Bitcoin's 30-day implied volatility (BVIV) remains near its yearly low at approximately 37. This divergence suggests that while bond traders are hedging against interest rate fluctuations, the Bitcoin market has yet to price in extreme price movements, even as Bitcoin trades near $84,000.