PANews reported on April 13 that senior analyst James Van Straten wrote that the S&P Volatility Index has soared to its highest level since August last year, indicating increased market uncertainty. The ratio of Bitcoin to VIX has hit the long-term trend line of 1903. The last time it hit the trend line was during market volatility before and after the unwinding of yen carry trades. At that time, the price of Bitcoin had fallen to a bottom of around $49,000. In fact, this is the fourth time that the ratio has touched the trend line and bottomed out. Previously, the ratio had first touched the trend line in March 2020 during the peak of the epidemic and in August 2015, and the price rose after both bottoms.