PANews reported on April 10 that Arthur Hayes, co-founder of BitMEX, wrote that the MOVE index recently broke through 140 (the high point on April 9 was 139.88), and then quickly fell back to 128.83, a single-day drop of 7.9%. He pointed out that whenever the MOVE index exceeds 140, it usually triggers an immediate policy stimulus response. He hinted that in the next similar situation, Bitcoin may not fall in sync with the stock market, but will take the lead in "taking off".

The MOVE index measures the volatility of the U.S. Treasury market and is an important indicator of market policy expectations.