VaRz Risk Meter

| Condition on the indicator | Implication for BTC |
| -------------------------------------- | --------------------------- |
| High Nasdaq (NDX) + Low VIX + Low DXY | Bullish (risk-on) |
| High VIX + Rising DXY + Falling Nasdaq | Bearish (risk-off) |
| Everything around 50, no direction | Sideways / macro indecision |

VIX (fear index)

DXY (USD strength / safe-haven flow)

NASDAQ 100 (risk-on benchmark)

Estimated correlation with BTC as a histogram

📌 Visual logic:

High Nasdaq + VIX trending down + weak DXY = risk-on for BTC

High VIX + strong DXY + weak Nasdaq = downside pressure for BTC