How Does the VIX Index Relate to Implied Volatility in Traditional Markets?
The VIX (CBOE Volatility Index) is a key measure of expected stock market volatility based on S&P 500 index options. It is often referred to as the "fear gauge." While there is no direct equivalent for the entire crypto market, some exchanges offer similar volatility indices for Bitcoin or Ethereum options, acting as a crypto-specific VIX.