When VIX at 24 "feels" low...

...you know something is not great under the hood. Obviously VIX is down from recent panic levels, but is still way higher compared to the period pre GME. VIX of VIX, VVIX, has also come down from panic levels, but note that "stubborn" trend of VVIX moving higher. Market remains shaken and stressed. Buying protection at these levels was seen as very expensive only recently, now most are feeling it is "cheap". It would be interesting to see the entire vol space react to another small shake out...