Even though implied volatility may be inversely correlated to the direction of the market, the underlying reason that causes IV to change is actual moves vs expected moves, and the fear of future actual moves being larger than currently priced.
This played out perfectly in the 2020 selloff...where the VIX continued to expand as the down days got worse, but as soon as we saw a 2% down day when a 4% move was expected, VIX immediately collapsed.
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