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Is the VIX Loading a Serious Crash?

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TVC:VIX   Volatilitet S&P 500 index
The VIX is painting a clear picture that the market is loading a serious bear cycle, if we don't break 18.20 to the downside and keep going up I believe the market is going to bleed.
This trend to the upside has been climbing since January 2nd, 2018 and till this day its showing little signs of slowing down.
Fact of the matter is if this keeps building up the market is going back to pre-pandemic REALISTIC market levels.

Is Michael Burry right? Is the market really in for a bubble? That's what the market is telling us based on this chart.

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