What Is the VIX Equivalent for the Crypto Market and How Is It Used?

The VIX, or Cboe Volatility Index, measures the implied volatility of S&P 500 index options. The crypto equivalent is typically the CRIX (Crypto Volatility Index) or similar indices like DVOL (Deribit Volatility Index) for Bitcoin or Ethereum.

These indices use a basket of options prices to reflect the market's expectation of future 30-day volatility. Traders use it as a fear gauge to time entry and exit points for options strategies.