Foresight News reported that the Chicago Board Options Exchange Volatility Index (VIX) surged by 74% on December 18, marking the largest single-day increase since February 2018 and the second highest in history. Analysts indicate that this surge was driven by market panic triggered by the Federal Reserve's 25 basis point rate cut and Powell's hawkish remarks, causing Bitcoin to briefly drop below $100,000, while U.S. stocks fell by about 3%. Historical data shows that a significant spike in VIX often signifies that Bitcoin has reached a local bottom. For instance, after VIX surged by 116% in February 2018, Bitcoin rebounded from $6,891 to over $11,000; when VIX rose by 65% in August 2024, Bitcoin bounced back from $54,000 to $64,000.