The correlation between bitcoin (BTC) and its implied volatility, which refers to expectations for price turbulence over a specific period, has turned negative again for the first time since May, indicating investor concerns about moves to the downside. The shift from positive correlation comes amid concerns the looming $3 billion FTX liquidations could crater the crypto market. CoinDesk's Jennifer Sanasie presents 'The Chart of the Day.'
The correlation between bitcoin and its implied volatility, which refers to expectations for price turbulence over a specific period, has turned negative again for the first time since May, indicating investor concerns about moves to the downside.
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