If you look at the ASX200 Vix index XVI (red) overlayed onto BIT (colour) you'll notice that alot of the times spike in XVI adds to the falls in BIT (inverse correlation). This is just market correlation at play and I'm not saying the correlation is high in this instance but it can prepare you for what might be coming.
There's alot more to it but high level that's what it is.
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If you look at the ASX200 Vix index XVI (red) overlayed onto BIT...
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