VIX sitting at 15 tells you something interesting about current market expectations. With the fear gauge running this low, traders aren't pricing in major policy shocks from the administration or aggressive Fed moves in the near term. The calm in equities is reflecting either confidence in growth narratives or complacency about downside risks—hard to say which dominates. When volatility stays subdued like this, crypto often follows the broader sentiment. Watch what moves VIX above 18-20; that's when cross-asset correlations typically spike and everyone pays attention to what's coming from policy makers.