Bitcoin's 'fear gauge' surges nearly 20%, its biggest jump since Feb. 5 crash
Bitcoin's fear gauge, known as the BVIV index, experienced a significant surge of nearly 20%, marking its largest increase since the market crash on February 5. This rise indicates a return of fear among traders after a period of calm market sentiment. The spike in the fear gauge coincided with a notable drop in Bitcoin's price, suggesting that traders are now more concerned about potential further declines.
- ▪The BVIV index surged nearly 20% to 46.45%, its biggest single-day spike since February 5.
- ▪Prior to this surge, the Bitcoin market had experienced two months of calm sentiment despite price drops.
- ▪The increase in the fear gauge indicates that traders are aggressively buying options to protect against further downside.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin's 'fear gauge' surges nearly 20%, its biggest jump since Feb. 5 crashThe jump signals return of fear after two months of calm market sentiment.By Omkar Godbole Jun 3, 2026, 5:51 a.m. 2 min readMake preferred on BTC's fear index chalks out biggest rise since Feb. 5. (Jacqueline Gozzard/Unsplash)What to know: Bitcoin's fear gauge, BVIV, surged nearly 20% Tuesday, its biggest single-day spike since Feb. 5. The jump signals return of fear after two months of calm market sentiment.Bitcoin BTC$69,482.04 traders are finally taking the price selloff seriously.
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