The Cboe Volatility Index (VIX), a key measure of market volatility, has fluctuated around the 18 to 20 range over the past week. It was near 20 on May 19, 2025, before dipping below 19 later that day. On May 20, the VIX dropped to 18.31, and on May 21, it hovered around 18.73 to 19.12. The 10-year Treasury yield also varied during this period, ranging from 4.44% to 4.75%. Market analysts noted that the VIX has been mean-reverting around 18 since the previous Monday, with weekly averages around 17.17. The VIX's support levels have held steady, suggesting a more stable trading environment with cleaner market trends and reduced risk of sudden reversals. Additionally, Bitcoin (BTC) was reported near $108,000 on the night of May 20. These indicators collectively point to a market environment characterized by moderate volatility and relative stability.