Wealth manager Kurt S. Altrichter points out that the MOVE index, which measures U.S. Treasury yield volatility, has been on a sustained rise, jumping 46% in June and currently hovering around 116, near its March high and the highest level since April 2025. The index previously signaled market turbulence ahead of the VIX index in 2022, 2023, and at the start of the Iran War. Analysts believe that rising Treasury volatility could lead to global financial tightening, push up risk premiums, and trigger widespread risk-off sentiment, but the volatility of Bitcoin and U.S. stocks currently remains near their annual lows.