ChainCatcher news, QCP Capital said in a statement that the volatility momentum indicator (VMI) of Bitcoin and Ethereum triggered an alarm this morning, indicating that the market is entering a period of increased volatility. The directionality of the signal is unknown, which means that it does not indicate the direction of the point, but suggests that large price fluctuations may occur in the short term (the figure below shows the implied volatility of BTC on the historical VML signal). Historically, switching from a strategy that generates income to a long convex (buy option) strategy at this time helps optimize the return of the portfolio.