The MOVE index measuring U.S. Treasury volatility climbed to approximately 104, its highest level since March, reflecting growing unease in the bond market. Meanwhile, Bitcoin’s 30-day implied volatility index, known as BVIV, hovered around 37, close to its 2026 low of roughly 35. The Cboe VIX, which tracks expected volatility in the S&P 500, also remained near its yearly lows at around 14. This unusual divergence indicates that bond traders are pricing substantially more uncertainty than those in Bitcoin and equity options markets. The 10-year U.S. Treasury yield briefly touched about 5.2% this week without triggering the heightened volatility typically associated with major macro shifts in the crypto market.
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